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Had another blue bar yesterday in the stock market - essentially a reversal
off a multi-day low on an increase in volume.
Sometimes after a blue bar the market will spend a few days consolidating
before it moves out, as happened a few weeks ago. Or sometimes it will jump
on the open and never look back. Amazing how something so simple works so
well...
Chart of the Nasdaq Comp is attached -
best regards,
phil
Attachment Converted: "f:\eudora\attach\ptm11.gif"
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