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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (129631)	2/15/2006 10:16:14 PM
From: Henry J Costanzo	of 209892

<<..... ED........sigh...are we going to go through this again?.>> NO....never again.....cuz I'll never mention ED again...it can go the way of the LD unicorn in my bestiary,,,,gg BUT it WAS IMHO a TA bearish rising wedge..of some importance...beginning waayyy down there below 800...gg And given the orthodox count, I suppose you would refuse to label the October-December wave as impulsive...which would leave me with no option but to doff my EW hat..once again...and return to TA...... ....where, btw, you will have noted $XOI price action yesterday and today undercutting a rather important UT line through the Oct and Dec lows....A No-NO requiring IMMEDIATE repairs....

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