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Re: mr_cash4 post# 8087

Wednesday, 02/16/2005 1:11:04 PM

Wednesday, February 16, 2005 1:11:04 PM

Post# of 51809
cash - Since both lines are pointing higher it is bullish if they are broadening, and bearish if they are narrowing. (If they were narrowing, it would be a "rising wedge")

If both lines were pointing downward, it would be the opposite.


After a long advance, if the top line is pointing up, and the bottom line is pointing down, it is a potential "broadening top" (bearish). If confirmed by a breach of the lower line, it signals a measured move down of the distance between the two lines.

After a long decline, if the top line is pointing up, and the bottom line is relatively level, it is a "broadening bottom" (bullish).

Hope this helps.

-Bliss







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