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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (37506)5/1/2002 9:48:58 AM
From: velociraptor_  Read Replies (3) of 209892
 
Actually, MSFT looks bullihs to me from here. Very oversold, and looks like it completed a 5-3-5 from the January high. not only that but it completed it in an exact 76 trading days which is the same amount of time it took to move from the Sept lows. The A and the B wave in this case are both about 11 points which is a good case for equality and ends the correction near 52. A gartley pattern on this also targeted the 52 level. Finally, the 78.6% retrace of the move from Sept to January is near 51 1/2 which is the low so far.
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