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S&P 500
5,718.57
(
0.28%
)
US TECH 100
19,299.24
(
0.01%
)
Dow Jones
42,124.65
(
0.15%
)
Brent Oil
73.74
(
-0.20%
)
Bitcoin
63,300.29
(
-0.50%
)
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Curt D

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Curt D

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Re: tradinggreen post# 18894

Thursday, 05/19/2011 12:39:07 PM

Thursday, May 19, 2011 12:39:07 PM

Post# of 52074
I don't know if there is a specific, (or exact) time limit for the price to trade sideways, or consolidate to cancel out the double bottom from being effective.

I seriously think we could consolidate, creating a flag pattern for a couple of weeks yet. And we could still have the double bottom rules in effect if it were to sustain a price above .42 for at least a week.

I believe you'll see the price start moving upward around the beginning of June in expectation of the June 8th investor's conference.
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