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techcharter

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techcharter

Re: frankp3 post# 2674

Monday, 07/26/2004 7:52:30 PM

Monday, July 26, 2004 7:52:30 PM

Post# of 51804
Frank: Can't pull trigger.

Maybe this is one of the larger moves to the downside about to happen where "everyone" gets caught off guard. The feelings you shared as an experienced trader supports this position.

The tech chart that best shows this balance of emotion is the NASDAQ Bollinger bands. The B. bands are now sloping down in parallel on the NASDAQ. The price continues to move down in the lower channel, but isn't breaking below the band. This is the same type of strength seen in long running rallies. Now that the trend is down, the trend should continue a while longer.


http://stockcharts.com/def/servlet/SC.web?c=$COMPQ,uu[w,a]daclyyay[dc][pd20,2!b200][vc60][iLp14,3,3!...
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