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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (690)	4/23/2001 8:55:27 PM
From: JRI	Read Replies (1) of 209892

OK....gonna try to put you on spot again... What is your expectation of the next leg up (after this A or 1...or whatever it winds up being labeled..) is complete... Should we look at fibo retracement levels for strong clues? I'd think if 2047 turns out to be the low....this up leg can get to 2100-2105 (First "main" fibo from today's lows) at least....if we hit bobcor's target of 2000 (if indeed, the "A" completes tomorrow morn)...then 2070-2080 would seem like a good target (38% fibo...and getting right back to support- now resistance, from today).. The problem is trying to hold it long between 2100 and 2200....it could stop running at a lot of places.... Any hint/clue where I could feel better about holding anything long between 2100 and 2200 (if we manage to get there?).....(maybe we'll get a clean wave structure...but if it's muddled like today/Friday?)..what to do...what to do?

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