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FIGURE 7.6 This chart of the daily Dow Jones Future December 1998 has two dotted (disqualified) TD Lines—the upper, a TD Supply Line, and the lower, a TD Demand Line. In both cases, false breakouts presented ideal trading opportunities for the trader prepared to operate against the trend.

FIGURE 7.6 This chart of the daily Dow Jones Future December 1998 has two dotted (disqualified) TD Lines—the upper, a TD Supply Line, and the lower, a TD Demand Line. In both cases, false breakouts presented ideal trading opportunities for the trader prepared to operate against the trend.

FIGURE 7.7 Two disqualified TD Lines for Merck (MRK) are presented in this example. In both instances, the market reversed trend coincident with the false (disqualified) breakouts.

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