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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Haim R. Branisteanu who wrote (148126)2/3/2002 9:29:17 PM
From: At_The_Ask  Read Replies (1) of 436258
 
You may have noticed the chart was vs. the pound. Any way he sees it breaking out to the down side of a very large triangle. Although he anticipates a very minor upside move first. He says it is a wave 4 so that implies an impulse down to follow. He is ultimately projecting a loss of 25% against the Pound. FWIW he says sell within a week or less.
If it were something I was trading I would stay flat until the triangle breaks one way or the other. I guess it could conceivably perform better against the USD but you would know more aboout that than I.
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