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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (7216)	7/16/2001 10:00:16 AM
From: AllansAlias	Read Replies (1) of 209892

NASDAQ is refusing to make a new low here. If it does, then in the smaller timeframes we would see 5 waves off the top, suggesting that we are in a larger correction with a 'b' up to come after the new low. This makes this morning's opening exuberance the last kick of a 4. This is favoured. If we do not get the new low, then we'll see 3 off the top suggesting that the correction is over. edit: NASDAQ printing a new low now and is being lead by smelly. So, this down move is either to complete an 'a' or a '1'. Note that non-tech is not confirming the new low print (yet -g).

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