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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (13318)	9/14/2001 1:15:47 AM
From: Shack	Read Replies (1) of 209892

JRI, if we gap down, it looks like we will have completed the third wave in the DOW decline off Aug 27 and we would then enter the 4th wave which would likely be flat followed by a move down probably at the beginning of the following week. Essentially I am trying to imagine that nothing has happened and will be ignoring anything lower than my intermediate count. Wiggle trading will be a wild ride I think. Something which is not my forte. I will be out of my DOW poots on the first tick if we gap down. And for those that think we don't gap down, I will remind you that this is not a game. These are real businesses many of whom will take hits in the third quarter because of this, some of whom may become insolvent for all we know. I don't see how we don't move down. And there is nothing unpatriotic about it. If one wants to be patriotic then they should buy a flag, not MWD. BTW, thanks to all posters on this thread for presenting the most level-headed and insightful thinking regarding this tragedy of any I have read. Privileged to be part of it.

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