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Re: TycoonSoon post# 6703

Wednesday, 08/06/2008 8:08:50 PM

Wednesday, August 06, 2008 8:08:50 PM

Post# of 16828
Are you kidding? This is the Bullish Three Line Strike.

The first three days serve as a fairly clear bullish move. Up to day-three in fact we have a Three White Shoulders formation and a strong bullish signal. One day of sell-offs that only goes down to the open price of the patterns start is considered to be more a sign that longs are covering their positions than any true sign of a reversal. Thus traders will watch for long entry opportunities to come. Then, it's back up from there and much higher.


imo

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