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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (3439)	5/24/2001 11:42:18 AM
From: Perspective	Read Replies (1) of 209892

I think the 4 for that scenario cut too deeply. Frankly, I'm pretty lost here and standing aside. I think everyone would do good to just walk away from it for a couple of days. With the holiday, it's likely to be stuck in corrective jello anyway. I think this is most likely a weak 1 down, to be followed by a weak 2 up tomorrow. But all I intend to do is ditch my remaining longs into any strength before the weekend. If this scenario were right, next week would have to show strong down, something worthy of a 3 of 1. I think all the failed breakouts bespeak evil forces at work here. My gut tells me the market has set a sinister trap for the bulls. Sooner or later the funnymentals will assert in the longer interval wave structure. I favor trading when fundamental, technical, sentiment, and Elliot are all pointing the same way. BC

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