Quote:
Originally posted by Almighty Colin@Jun 17 2005, 08:04 AM
I know exactly what you are saying, Steve. I count Wig and Jonas as good friends. They both post here and are both TA enthusiasts. Jonas also uses candlesticks and was licensed.
That doesn't change the fact that your statement- as it stands - is completely unverifiable by a neutral party.
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Ok, well then I dont know what part of what I said is so ambiguous. All I said was that the trend line suggests near-term support at $250, so if that is broken then there will be increased downside risk. If it tests $250 and stays there, then that is a strong buy signal. If it tests its highs repeatedly and fails to break through, that is a strong sell signal.