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Strategies & Market Trends : Technical Analysis - Beginners

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To: Michael Watkins who wrote (9849)	3/15/1999 4:43:00 PM
From: Richard Estes	Read Replies (1) of 12039

inside bars are contraction, the main thing you look for is the expansion coming soon. The market shows two main elements Expansion and contraction. The expansion can be either up or down. The longer the Range or base the further the breakout will go. You can throw a arc from start of range to breakout and have a target for length of move. So draw your circle with breakout in center and the edge at start of range. I am not really a pattern man. But you have people who use These free net charts and don't have the tools available to measure trend. So the simple Swing function might help. Patterns are a confirmer not a decision maker.

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