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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (18515)	10/30/2001 2:58:14 PM
From: AllansAlias	Read Replies (2) of 209892

Agreed. Two favoured scenarios here are: 1) The a-b-c (up-down-up) we saw off the lows today is a complete correction and we head shortly to new lows. The longer we mess about right here the less likely this becomes. 2) The a-b-c we saw off the lows is just the first leg of a 'flat', the 'a'. From here we would revist today's lows to complete the 'b' of the flat, and then we would get a 'c' up before heading to fresh lows. Heading to fresh lows would be the last leg of our larger 'c' down that we have been tracking in the larger picture. Agreed?

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