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Strategies & Market Trends : DAYTRADING Fundamentals
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To: marketbrief.com who wrote (1688)7/8/1999 4:06:00 PM
From: TraderAlan  Read Replies (1) of 18137
 
S$,

3rd waves look like parabolic blowoffs but hold a good % of price change until the real blowoff down the road (in the 5th wave).

Traders get confused because the reversal that starts the 4th wave comes off a 5th wave of the next lower time frame (5 full waves embedded in that larger 3rd wave).

Got all that <g>?

Alan
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