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Lionel....
I use 3-line break charts to help pick a reversal when a stock is in a
consolidation or trading within a potential base pattern. The confirmation
of a reversal is a little bit late price-wise but it eliminates whipsaw. In
essence, you give up a little to be more comfortable in your purchase.
Overall, I have found 3-line break charts have been quite helpful.
What did you think of Red Chip?
Jerry
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