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Strategies & Market Trends : Classic TA Workplace

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To: sun-tzu who wrote (23437)	12/1/2001 1:05:55 PM
From: Shack	Read Replies (2) of 209892

Hi s-t. angelfire.com This is the chart we looked at a few weeks ago. As we expected, the bounce came and it has been good for a 5% move thus far. It is hitting some solid horizontal resistance and DT line resistance too. We'll know a lot more as we watch the pullback. If the purple count is right, then I am expecting a flat for the (4) which means back to the lows shortly (although I think there is room for a bit more upside), then back up into mid January. I tend not to believe that this is a new bull. The commercials are flat or short on most commodities. They completely unwound their copper long position and are short now (BTW, PD turned into an excellent way to play the copper push). I would look for continued strength next week as we flirt with resistance maybe even push through up to your target, then back to the lows, timed nicely with our predicted top in equities. After that its a crap shoot. I like your target bu

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