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Strategies & Market Trends : Classic TA Workplace
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To: JRI who wrote (19526)11/6/2001 10:39:33 AM
From: Shack  Read Replies (3) of 209892
 
From what I see on the NDX, the move down from late yesterday look like 3 waves and we are putting in what looks like 3 waves up here and the weakness you are referring to would be the last part of that correction, the 5 waves down 'c'. Interesting because presumably that woul dbreak the wedge line. I am shorting any revisit to the highs shortly.

The thing is, after all that it infers another leg up to new highs.

Edit-alternate says we go to new highs right here in 5 waves.
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