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Strategies & Market Trends : Classic TA Workplace

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To: Perspective who wrote (643)	4/23/2001 11:28:49 AM
From: JRI	Read Replies (1) of 209892

But wouldn't a break of that 2250 downtrend line (on the up C) be the perfect way to get all the bullish numbers up again, suck in the sideline money that was afraid of this last rally?....fear levels would go down (for the B would be seen as a successful retest)... My thought is...that this would all set up a great 5 wave down....there is still a gap to fill in the low 2500s....that might be a good stopping point, no?.....I figure the break of 2250, and a move to 2500 would be enough to get the bulls charging again in sentiment... Or would a break of 2250 raise more questions (about the bear/count) than set up a great 5 down?

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