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Strategies & Market Trends : Classic TA Workplace

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To: skinowski who wrote (72222)	4/26/2003 6:27:34 PM
From: At_The_Ask	of 209892

I haven't read the tidal wave or any of his other stuff. I believe he is pretty smart no doubt but he has also been in T bills for over a decade...bg I think that his return is just now starting to outstrip the spx. I do believe in wave theory but I think that when you start trying to make decade long projections and that type of thing you are asking for trouble. If you are wrong it may take many years for you to get enough feedback from the wave structure that you have lost great periods of time and oppurtunity. I've seen 20 wavers that can't agree on a 60min chart so I take one guys wave count on a century or more size structure with a fat grain of salt. I can see how we could get deflation pretty easily but at this point I think I will take the fed at their word. They seem to be salivating at the prospect of cranking up the press but then again they could just be talking down the dollar. It's not possible to know for sure. I agree on the semi impulse thing out of the 7th though the wave 1 looks kind of ratty unless it's an LD. The fed meeting on the 6th may be big catalyst for something one way or another.

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