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We see ^NDX, ^N225 and ^VXO for Aug27, 2004 and two bars later.
For ^NDX and ^N225 the parabolic trendline is still ascending but it is moving slightly to the right, as the trend seems to cease.
In ^VXO a new trough is already recognized as a trough and the red descending parabolic is substituted by the green ascending one.
It think it is more useful than the parabolic SAR.
Dimitris
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