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As I understand it, YES!! Looked like a good break and the close was below
the longest bar. Thanks for bringing it to the attention of all MS
readers. I will monitor the price action closely tomorrow and look for an
opportunity to sell short. I will point out, however, I have noticed that
often this pattern will give a false breakout, only to reverse the break on
the following day. Being aware of this "quirk" tends to protect capital
before making a committment.
Al Taglavore
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> From: fred.j <fred.j@xxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Shark 32 followers
> Date: Tuesday, October 13, 1998 7:31 PM
>
> Al,
> What about CHV ? Does it qualify for downside break?
>
> Fred
> ----------------------------------------
> >To all that may be following the Shark 32 pattern, I call your attention
to
> >PXD. This looks like a textbook example, and all of the gas exploration
> >stocks that I follow showed a bit of up movement monday. PXD is part of
> >the old Mesa Petroleum company.
> >
> >Al Taglavore
> >
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