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For intraday use, we know from yesterday the support level
[the red line],
the reliability of the stock to this method and the support
level for tomorrow[the yellow line]
These 3 elements may help to evaluate the situation when the
stock is near [or penetrates] the day support.
In the att. gif, ^NDX and DELL are very close to the
prediction, YHOO violates the rule, its actual Low is ~4%
above the predicted and promisses higher support for
tomorrow.
Dimitris Tsokakis
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