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TECHNICAL ANALYSIS  |  December 8, 2008
A Trend Is A Trend Until It Isn't
The trendline is the fulcrum of power, and the longer it lingers on a chart, the stronger it becomes. The current intermediate downtrend has proved to be a stumbling block to the bulls time and again over the last couple of months, but a reversal pattern on the SPX may stop the hemorrhaging. This pattern may give the bulls just enough rope to lasso the bears.

by Ron Walker

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