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

To: mark bailey who wrote (8398)	7/2/1998 9:43:00 PM
From: milesofstyles	Respond to of 12039

mark, daniel check this site out if you have not seen it. exchange2000.com dougr is top notch on si. you will learn alot here, not all of it taught in books. since efii failed its breakout of the downtrendline, the next thing to do would be to watch for it to bounce off support(@18.54 today, and rising obviously),should that fail, i would short it. this one has narrowed down and is getting late and may not provide a huge return within its range, but typically(and looking at the chart,this isn't a good example)when a pattern like this occurs you can still play it long when it bounces off support and sell short should it fail to break out,once the pattern is established. ie play the stock in both directions within the range,eventually holding in the range of the breakout/breakdown. milesov