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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (82975)9/26/2003 2:36:16 PM
From: Henry J Costanzo   of 209892
 
Freep......
<<Today's low has taken out the highs of Aug 26th on the S+P>>

Assume you mean the highs of Aug 22??

<<, so I don't know how you count this since I woulda thought that no part of the iv or the 3 or 5 of 5 would undercut the top of 1.>>

I count the action since the August 26 low as a sub-dividing wave i of a larger 3 up. An overlap of the wave 1 high of August 26 does not matter until after we complete that larger 3 and fall back in a 4.

Comprende?? ..... Wish I had a chart......and BTW, Freep. don't forget...as I'm always careful to point out.....strictly amateur here....g And further BTW....I happen to be a nut on Ancient History, and I have always thought of you as the Socrates of CFZ-EW-------teaching by questioning.....VBG
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