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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	4/24/2001 7:48:10 AM
From: mish5000	of 37746

Velo: I believe that we have completed wave A of a correctional uptrend and will soon reverse off either 2000 or the Fib 38% retrace level (calculated from year low to recent high) at (~1981) or Fib 50% which I have at 1912. This would also conveniently fill one of the large open gaps below. If the waves play out, then this rally could potentially take us to atleast the 2250 level. I am cautiously bullish at the moment, and am looking to load up on the long side in the next couple of days. I don't believe that a retest of the lows is coming just yet.

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