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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	7/18/2001 3:30:02 PM
From: skinowski	Read Replies (2) of 209892

Looking at 30-min QQQ chart: Rally from July 11 to July 13 was 5 wave affair. The decine since then so far shows an ABC retracement, IMO, with a 5 down into yesterday's low,followed by an abc up, and by a probably impulsive 'c' down today. The Q's are near the gap support of July 12, and near a 78% ( more or less) retracement of the abovementioned rally, which should be an important support.

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