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Friday, July 30, 2010

Another example of Flag Pattern

Here is a chart of Ford (F) that has made a successful follow up to the flag pattern and is now, in what appears to be, yet another flag. Just remember, they cannot keep on going forever. 

The market has retracted back to its trend line now.  So the moment to truth approaches.  Will the market be able to find support and rally to test the overhead resistance or will it breach its uptrend line? So far the trend line is holding.  



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