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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (20837)	11/29/2000 7:49:52 PM
From: HairBall	Read Replies (1) \| Respond to of 65232

Jill: now nobody knows at that point where it will go--right Of course no one ever knows for sure, but some of us through analysis called it for what it was, a counter trend rally. If I'm misinterpreting please explain. I will explain, but I do not have time tonight. I'll file this post in my "respond" file and get back to you. I will say, just because a stock or indice's price returns to a previous high or low does not in and of itself make a trading range. This has clearly been a downtrend with counter trend rallies, channeled moves and various consolidation patterns, but not a medium-term trading range. Today's close is in the price trading area of Oct 99, I doubt you would call the last 13 or so months a trading range. Note: I have been assuming when you say trading range you are referring to a horizontal price action trading range often referred to as a rectangle. chartpatterns.com Regards, LG