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Strategies & Market Trends : Classic TA Workplace

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From: elliottrules	2/26/2008 4:50:23 PM
	of 209892

General comments. Hourly models all look incomplete to the upside and do still support the early stages of a 3rd wave advance from the Jan low. The wave structure of todays decline from the high can best be counted as 3 waves and corrective in nature (although it may only be an 'a' wave). 12,767 is the next big resistance. Support for any decline is 12,450-12,550 Upside surprises likely. NYSE Composite closed above its wave 1 and 'b' wave high from the Jan low.

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