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Strategies & Market Trends : Classic TA Workplace

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To: pater tenebrarum who wrote (7419)	7/18/2001 11:20:03 AM
From: AllansAlias	Read Replies (2) of 209892

Yes, agree with most of what you are saying, but a leading diagonal should be clear 5 waves in the impulsive legs and that's tough to count for what we've had. I see the market is now trying to regain this morning's technical breakdowns. That would give us breakdown failures and would be bullish on the day for sure. Let's see if it turns back down here at NDX 1692 or so -- that's a 38% retrace of the decline off yesterdays high. Heinz, this is all jello in the timeframe outside the one I trade and that makes it very hard to read for us s-t guys. Good to have you drop in heinz. Cheers

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