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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: wlheatmoon who wrote (368)3/9/2000 9:36:00 AM
From: Chip McVickar  Read Replies (2) | Respond to of 33421
 
Hi Mike,

It's definitely a consolidation rectangle.... <<smile>>

And the implications are for lower prices as the cycle resolves tighter and the fork breaks apart, and the trend line is lower off the highs.

If the cycle within the consolidation should resolve within 4-5 days up at the upper tine......it could be a bullish break out....but that is a big if..<<chuckle>>

If yesterday was a base the new fork median is pointing at 1435ñ.

Chip


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