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Thanks Sarah. That is a long drop!!
I created a few more charts to get your thoughts and the groups on examples of alternative entry and exit points. One shows the the parallel line as you described earlier. The second chart shows trend lines that I feel follow a similar pattern and would result in the same exit point for both charts. I placed red stars on places that looked like good exit points and green stars on places that looked like good re-entry points. I used the same thought process and applied it to the C fund. I have two questions....First, am I over simplifying this process? Second, if stocks head back above the trend line do we re-adjust the current trend line, go back to S, and then watch for a new fall below the current support?
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