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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (85881)	11/16/2003 10:32:36 AM
From: skinowski	Read Replies (1) of 209892

The SPX "brother" swing out of 11/11 low reached new highs, and ended travelling between 62 and 78.6% of the length of the "original" one, which started on 10/24. The (probable) ED has done "enough" to be counted as completed. It will do whatever it will do, of course, but if it does nothing more, it still was one heck of an ED. The last swings in the DOW and the OTC's failed to show strength. Could be seen as a non-confirmation. Basically, it looks like if the markets have another near term bullish swing in them, they'll probably have to play it out very soon. SPX and many others closed right near their daily supports.

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