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FAN LINES  |  January 27, 2003
S&P 500 Fails on the Third Fan Line (The Power of Three)
The power of three is pervasive throughout many forms of technical analysis. Triple tops and bottoms, head and shoulder formations, fibonacci retracements (occurring in one third increments), three white soldiers and three black crows in candlestick terminology, and fan lines are good examples.
by Gary Grosschadl

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