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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (31721)	2/20/2002 7:02:50 PM
From: Moominoid	Read Replies (1) of 209892

Another possibility is that it is a wave 2 triangle currently in wave d. But I don't buy the triangle interpretation. For instance the move out of 8 Feb seems to have 5 waves to me: cres.anu.edu.au Though it could be a three wave if wave b is just the one candle down. The stochastics support a 3 wave structure there, and that is what must be in the NAS. Overall the Dow count is very confusing since December. My best guess is it is some sort of complex correction. I haven't labelled a bigger count, but what I end up with on my 60 minute chart is a flat and then 1,2. David

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