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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (682)	4/23/2001 7:18:37 PM
From: Shack	Read Replies (1) of 209892

Well here's what I think is going on. I finally got Q-charts working wiht my website so I can post charts. In terms of the biggest picture, I am of the opinion that we are correcting the rally off the 1987 lows. I think that the entire Nasdaq decline thus far was a massive A in a large corrective A-B-C. We are now in a large B (beginning the B of B on friday) dshacket.homestead.com I think what you said earlier JRI is possibly correct, that the a of B of B is nearly done already. We just covered so much territory and I bet we gap down tomorrow for a little more. The b of B of B begins tomorrow early which may or may not retest the highs. Then comes the c of B of B which takes us down to COMP 1900 or wherever. I think this lines up nicely with the heinz cycle low on May 2. Then the C of B begins and I want to be very long for that as I think it may take us 2500. I know many of you don't subscribe to the bigger scenario here but if 2250 goes, you'll have a ready reference to which you can turn.

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