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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (13809)	9/19/2001 12:27:16 PM
From: Doppler	Read Replies (2) of 209892

Does anyone else think we are close to a bottom here. I see this Naz correction off the 2000 highs as 5 waves with the first almost complete. Not saying we won't go lower after an ABC or something, but.. here's my read. Wave 1 from 5100+ to 3000+ in May 2000. 2 is an ABC ending in Sept 2000 at ~4200. 3 is an extended which ends at the April lows around 1600+. 4 was a complex that ended around 2200-2300 (eyeballing off charts) in May. So now we are in a 5. If 5 roughly equals 1 (roughly 40%) we should end this wave around 1380. Which just happens to coincide with the '98 lows as well. I'm looking for an intermediate term bottom.

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