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Trading Rule - Triple Top 200 DMA

Posted By On 1/19/2009 12:25:00 PM Under

1. I would like to bring this trading rule which is related to triple top at 200 dma which states that if a stock, commodity or any asset class fails to move past the resistance third time; than one can be sure that a sharp sell off is in offing in the market.

2. Thus one must keep an eye on the charts related to equity or the asset class in which an individual is interested as by following this rule one can avoid being caught off guard.

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