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Bill,
Thanks for another good post on the Bear Flag. Yesterday Earl had a
good comment about watching volume as these formations develop; ideally
volume should decline (as per Edwards and Magee). I know you're principally
a day trader but I wondered if you or other RT's have looked at open
interest while the pattern is forming. Trade stocks myself, so open
interest is a new subject for me.
Yours -- Charles Marchand
At 07:58 PM 5/18/00 +0100, t-bondtrader wrote:
>Well we broke out the Bear Flag, but (although the market is not quite
closed as I write) it looks as if we are not taking out the pivot
retracement point. So whether it goes lower immediately or into a period of
conventional sideways movement or not, remains to be seen.
>
>Because of not taking out the pivot (and in true day trader fashion!), I cashed
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