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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (9793)	8/10/2001 2:20:33 PM
From: The Freep	Read Replies (1) of 209892

So, where the heck are we in the greater scheme of things? I was thinking we might go a-visiting the bottom of the wedge, but clearly not today. This up is strong -- AA calling it an impulsive wave -- and despite new lows on the naz and oex, we didn't get them all around. Microsoft and the Dow have recovered tremendously, etc. So. . . we've got options expiry next week, which tends to tip things a little up. But we've got lots of broken supports. Is this impulsive up the first in a series? If so, do we jello around all next week, or fly upwards? Or is this simply a strong up in the midst of all our down? BullRidaH has his scenario. If anyone else has got a read on it, please share. Unfortunately, all I have are questions. the freep

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