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Strategies & Market Trends : Sharck Soup
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To: besttrader who wrote (15211)4/6/2001 12:06:13 PM
From: velociraptor_   of 37746
 
5 waves off the low...should be about complete. Both DOW and S&P have formed rising parallel channels now over the last few days. The bottom of the channel needs to break for the decline to continue.

Fpor the S&P this is somewhere around 1134. DOW around 9755. Hourly charts are showing all of this corrective action since just after 10am to be in the form of a rising wedge.
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