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  • tower_in_my_blood tower_in_my_blood Nov 24, 2007 3:17 AM Flag

    What happens when the MACD crosses back over the EMA?

    audio....the 50% still hasn't been reached (8 to 131, 50%=$69.50) even at 50% retrace I believe it won't give much bounce here's why:

    need to keep in mind what happened at the 8 month uptrend line last week. Drop to uptrend happened quickly , there was a quick reaction bounce off the uptrend but it came right back to the trend line. Stayed above trend only 2 more days before failing it. That is a big red flag that the trend failed so easily and so quickly!

    the technical damage of the high volume top will take many months of purging out and the momentum is down now based on trend line break, can suggest a good book that will outline everything you're seeing right now if you like

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