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Strategies & Market Trends : Analysis Class for Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Tang who wrote (1309)4/24/2001 7:46:54 AM
From: Arthur Tang  Read Replies (3) | Respond to of 1471
 
More on GE? Yesterday, the price pulled back on opening, then gradually recovered some lost ground waiting for more selling pressure(1 minute chart). At the end of the day, last minute trading went up in volume. There maybe more selling, today; but after opening the oversold condition may take over and reverse the actions later.

Message 15708543

Detective work is more interesting than instinct or the magic of a snap of the fingers. Chronosope(surplus radar equipment at the end of World war II) used to be so cheap because no one can make any use of the radian scanning feature on the 5" green tube. "Green" is not knowledgeable yet.



To: Arthur Tang who wrote (1309)4/24/2001 9:36:04 AM
From: TechTrader42  Respond to of 1471
 
"Retrace is a duplication of previous chart segment."

Yes, I agree completely: GE could retrace to the middle Bollinger band.

And you're absolutely right: GE could be starting a technical move back down -- one that has nothing to do with specialists.

It's very encouraging to see that you're starting to learn some TA basics -- very encouraging indeed.


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