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ANDREWS PITCH-FORK  |  February 18, 2010
SMH In Downtrend
SMH has now reversed from an uptrend to a downtrend. By using the Andrews pitchfork, the price level at which a new lower high price will form can be determined as well as the slope of the new downward trend. In addition, by using the pitchfork it can be determined when price starts to accelerate to the downside.
by Alan R. Northam

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