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Strategies & Market Trends : Classic TA Workplace

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To: Perspective who wrote (10060)	8/15/2001 10:54:14 AM
From: AllansAlias	Read Replies (2) of 209892

Hi BC. Yup, the general rule is that a falling wedge (Elliott triangle a-b-c-d-e) turns into a leading diagonal on down. This morning's pop one would count as the corrective up out of said leading diagonal. No matter, that's all label-speak. The real consideration is a simple one: we had a bullish setup that popped and then failed -- the most reliable signal in all of TA. We need a third party to do the waking. I will be dozing as well until we get to the bottom of my big wedge. This is all just teasing foreplay.

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