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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Robert Douglas who wrote (6856)	10/1/1998 1:34:00 PM
From: Paul Berliner	Read Replies (1) \| Respond to of 9980

To all the technicians on thread! I know this isn't Dow forum, but the beloved benchmark has just completed and broken below a classic bear flag (daily charts), so the bottom is no where in sight. All aboard the gravy train one more time - its August all over again! I was kicking myself just 2 weeks ago for not buying calls on AMR when she was at 50. She then went to 65. I decided 'F--k it, the chart looks horrific' Guess where it is again? And the Dow theory states that everything follows the transports...... Though I use technical analysis to pull the trigger on every trade, a word of caution to fledgling users: I lost plenty on Telebras recently because the intraday charts (usually a bowl of cherries for technicians) failed me miserably. I paid dearly. Of course, the % correct data is strongly in technical analysis' favor historically. fast.quote.com click on letter D for time frame (daily)