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G'day Ian,
Interesting to note the pattern you describe. I am not familiar with it.
However I have been following a similar right Triangle pattern in a Point &
Figure chart (using a 20 box reversal), for the past few weeks. Which
subsequently broke downwards, which was fairly easy to predict.
Do you follow P & F charting at all?
David Stewart
Perth.
----- Original Message -----
From: Ian Burgoyne <iburgy@xxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, October 12, 1999 1:57 AM
Subject: Shark-32 Pattern
> Anyone who is trading the Australian market may be interested to know a
> Shark-32 pattern (TASC OCT'98 p44 by Walter Downs) was formed late last
week
> in the All Ordinaries Index (XAO) as part of a symmetrical triangle
pattern
> (see chart) but no signal of a breakout has been given yet.
>
> Ian Burgoyne
> Melbourne
>
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