If that breaks, which the near term trend pattern suggests it will, the U.S. dollar will be vulnerable to a retest of the Oct. 17 low at 78.93 and the Sept. 14 low at 78.60.
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However, the pattern trend could also be attributed to the recent heritage-driven influx of men's accessories shops, specializing in the little things that make a man stand out.
Ascending channels can be bearish if you get a definitive break below the lower trend-line of the pattern, but we never got that break, thus we were never prompted to stop following the upward trend.
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But the trend is encased in a larger pattern related to volatility.
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While the technical trend is strong and a bottoming pattern is seen on the monthly chart for ITB, in the near term the RSI is warning that a little froth could be taken out of the market.
Since rebounding off of the March 2009 bear market bottom, the Dow sustained a pattern of higher lows and higher highs. (For those of you who do not look at charts, this is a bullish pattern.) The trend was interrupted earlier this month when the Dow revisited its February 2010 lows.
Of course, inventory will probably turn up this spring and summer because of the regular seasonal pattern, but the underlying trend will be less inventory than is typical for each season, not more.
During the week ending 16th September, the measure remained within a consolidative pattern, but with its downward trend still intact.
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This is a typical continuation pattern or pause in the major trend.
Although the Sars epidemic has disturbed the pattern, the long-term trend shows that China is one of the fastest growing Japanese tourist destinations.
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Mr Downey said it was too soon to identify any trend in those deaths but there was a clear pattern in fatalities over the past 15 years.
Yet Chief Executive Carly Fiorina says, "the long-term trend in the U.S. is a slowed replacement pattern" for PCs.
Yet HP's CEO Carly Fiorina says that "the long-term trend in the U.S. is a slowed replacement pattern" for PCs .
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