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Old 06-18-2010, 12:35 PM   #21
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What's special about 9,500-10,500?
It's roughly the current trading range for the Dow Jones Industrial Average. A trading range implies that the value of the index or stock will stay within that range, until at some point it breaks out of that range.

In other words, it is special, until it isn't.

I like looking at patterns in charts. Sometimes I see teacups, or a head and shoulders, or a ducky...
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Old 06-18-2010, 12:41 PM   #22
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Quote:
Originally Posted by M Paquette View Post
It's roughly the current trading range for the Dow Jones Industrial Average. A trading range implies that the value of the index or stock will stay within that range, until at some point it breaks out of that range.

In other words, it is special, until it isn't.

I like looking at patterns in charts. Sometimes I see teacups, or a head and shoulders, or a ducky...
Exactly. And thus far, it has provided a nice wash, rinse and repeat cycle if you're paying attention. Will it continue... that's the million dollar question with each trade.

YMMV...
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Old 06-18-2010, 03:50 PM   #23
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In other words, it is special, until it isn't.
That's what I thought.
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