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Wednesday, August 29, 2007 5:12:31 PM
Question
Chart patterns and your examples of 3 month run and retrace patterns are very relevant to the PR cycle itself, correct? but since we seem to be in a closed triangle channel, how do you predict its direction without PR being on time? Other indicators are bullish and sentiments are good, so it seems this one will bounce up, but i am seeking your method of predicting such a movement at the end of a channel. I guess the right way to play would be wait for the signal and confirmation before buy, yeah?
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Trade with discipline.
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