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Author: VyckieB Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 6326  
Subject: How can I tell if a stock is "consolidating Date: 1/7/2005 6:03 PM
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I wonder if someone here can explain to me how to tell if a stock price is "consolidating?" I've been reading up on TA and one thing that I see often referred to is that after a stock gaps up to a new high, it will "consolidate" and then have another run up. Is there something in the charts that would tell me whether a pullback is "consolidating" or just sinking back to new lows?

The stock that I'm particularly interested in is HOFF as I bought this at $1.77 and then missed my chance to sell at $2.80 so am still holding those shares. My "gut instinct" is telling me to hold - there's a good possibility that HOFF will be back up in the short term and I can at least break even. Of course, this could just be wishful thinking too ;-)

Thanks for any help!

Vyckie
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