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To: NucTrader who wrote (2777)9/10/1998 8:47:00 PM
From: Lucretius  Read Replies (1) | Respond to of 14427
 
You want to see the same the thing (it is called a flag in a bearish trend) Check out ABTX from the beginning of August where it tried to bottom to mid August where it had a higher high and lower low... and then OOPS!! it went off a cliff when that small uptrend was broken. Today's INDU uptrend as marked by the 3 bottoms was also pierced intraday right before the close. Rallies at the end of the day in a downtrend are BEARISH and indicate daytraders covering shorts. I still think we're headed lower.



To: NucTrader who wrote (2777)9/10/1998 8:50:00 PM
From: Broken_Clock  Read Replies (2) | Respond to of 14427
 
reality check Nuc...http://www.iqc.com/chart/default.asp?period=120&time=day&chart=candle&chart1=ma&volume=y&rsi=y&stochastics=y&momentum=y&symbol=%24indu

note the similarity to the last basing period in August before the bigger drop to where we are now. Pisanni(?) sounds like a tired old osx bull earlier this year. i should know, cause i was one!


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