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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (109434)	11/24/2004 4:27:55 PM
From: bcrafty	Read Replies (1) of 209892

MC "but no apparent interest at all in a situation which has, for a long time, had IMHO a compelling chart by all standards of EW, classical TA you name it." I've always been a little puzzled by the greater interest in charts that might be having a turning point rather than ones that look to continue their current trend, but I've chalked it up to people having different trading styles than mine. Although that focus might have something to do with peoples' interpretation of the "entry is everything" notion, I've always been more interested in entries into a trend that looks to continue rather than reverse. For example, your recent entry on SIRI as part of its continuing upward trend is the kind of stuff I'm more interested in rather than trying to time the reversals more perfectly. On another topic, you mentioned earlier today that the major indices look to be completing a "b" off the 11/17 high, and while I don't disagree with that, I'm wondering what your bullish alternate is. I asked the board for thoughts on this matter on Monday but I've seen no one post a count (i.e. a count that shows Monday's low as the low of that move down from 11/17). Any ideas?

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