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Strategies & Market Trends : Classic TA Workplace

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To: NOW who wrote (36050)	4/10/2002 10:23:37 PM
From: AllansAlias	Read Replies (4) of 209892

Frankly, no. While the Dow has busted up out of it's down channel and may be breaking that trend, the NASDAQ is not yet showing us anything -- until NDX takes out 1412, it hangs in the balance. Stop for me is basically any weakness at all from here. I'll be keying on soft tomorrow. $57.50 is the barrier there. As you probably know, soft is in an enormous f*cking triangle going back to Dec, 2000. We came sooo close to testing the bottom line this week. Take a look at a weekly and go from that Dec, 2000 low. Top line is from the June, 2001 high. That big triangle looks like a 'B' wave to me, with an ugly 'C' yet to come. If it's an a-e triangle, we need an 'e' up yet. After that, the bigger 'C' down would really, really hurt.

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