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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: donald sew who wrote (11783)7/16/2001 3:16:52 PM
From: Arik T.G.  Read Replies (2) of 52237
 
Donald,

If the trend is still down, EW count is now 3 of 3, which usually is a long and consistent drive and sometimes the crash phase, but rarely a small move. Therefore I expect last week's low to pose no big resistance against the trend, if it is still down.

BTW, for the first time in a while there is a clear intraday impulse (EW "with the trend", the famous 5 wave move) pattern developing from yesterday's high on the Naz, today on the S&P, and it's down.

ATG
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