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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (13903)	9/20/2001 8:58:33 AM
From: AllansAlias	Read Replies (1) of 209892

Yup. If there was a 3 wave move off the bottom yesterday it may be a complete correction and the down is to resume immediately. It could also be the first leg of a 'flat', with a 'b' down this morning that tests the lows and then a 'c' up into Friday that would test yesterday's late afternoon highs. This is a shit-storm and only traders should be messing with it. Everyone else should be concerned about preservation of capital. It is no time at all to be thinking about adding longs for the medium-term. We will get the odd beauty bounce, but this market remains very overvalued.

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