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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: SE who wrote (16130)	2/19/1999 1:42:00 PM
From: Bull RidaH	Read Replies (2) of 44573

Scott, Great idea, but i would buy it at 1243 or 43.25 on the mini, as bedrock support comes in just above 43. From yesterdays lows, we're working on a 5 wave move. From its 1223.5 beginning, we completed wave 1 around 3:55pm yesterday at 1243, completed wave 2 at 10:25am today at 1234, completed wave 3 at 12:35pm today at 1252, and are currently in wave 4 down. It will have strong support (probably unbreakable) at the area where wave 1 ended (43). Comparing the sizes of waves 1 & 3 yields a most likely projection for wave 5 up to the 1260 area, so you'd nail a 10+ slammer here easy with a buy-in below 1245 IMO. Regards, David p.s. we could meander around here in the mid to hi 40's for the rest of the day in this wave 4 corrective, so golf's probably not a bad idea either after the buy-in

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