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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (175)	4/18/2001 11:22:52 PM
From: Perspective	Read Replies (1) of 209892

PS Yep, I think 2000 would be an excellent initial leg down for the B, followed by a leg down to the congestion in the upper 1800's. It would also balance nicely with the congestion on the left of the lows, making something resembling a head & shoulders bottom. Would be an excellent setup for a lengthy, tradeable rally. We will also need to be on alert for an aborted fifth on the leg C up. I think that, when this thing goes from here, it'll be with one incredible "whoosh". Notice that the 1931 legs became successively steeper as each low failed to hold. We've already been following that pattern of acceleration here. BC

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