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Strategies & Market Trends : Elliott Wave Theory

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To: David W. Taylor who wrote (4)	12/6/2000 3:43:38 PM
From: Vendit™	of 43

I hope not for many reasons. I am a short term position trader and I rely on many indicators at once. Wavs are a good tool but not really as surgical in finding tops and bottoms as I need for what I do. They are however effective on locating and following longer term trends as you know. Im watching the nasdaq fall in 1 minutes time frames now and am looking for a short term technical bottom today so I can take some short term positions. Im using MACD and Stochastic in a 30 minute span 1 minute time frame tick charts. Must be something going on in the news, Florida perhaps. Next nasdaq support at 2750 and is at 2782 as I type this.

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