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Strategies & Market Trends : Sharck Soup

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To: cyanideinvestor who wrote (15454)	4/9/2001 10:14:36 AM
From: velociraptor_	Read Replies (1) of 37746

No, 1163 looks possible, but a test of the 1152 high could stop it as well, and so can 1145. One of my alternate counts looks like it will be the most valid. On this count, we are still in a wave 2 corrective structure that began more than 2 weeks ago. It is an a-b-c pattern and we are now in wave c so it is near completion. In wave c, we have completed wave 1 and 2 and we are in either wave 3 or wave 5 of c. Wave counts can accomodate either, and regardless, the waves should top out today. The entire corrective pattern is taking on the form of a running correction, meaning it is primarily flat to down and is forming a sideways triangle.

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