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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (38719)	5/10/2002 12:16:37 PM
From: AllansAlias	Read Replies (2) of 209892

Changing my stance in tech: I am coming around to your favoured. I no longer favour that there is another pop coming to finish the immediate upleg into the Wednesday high. It is more likely at this point, that we are already in the 'B' down off Wednesday's high. This is significant for a wiggle trader or those hoping to position at the end of this rally by taking some longs off and getting some shorts. The second worst case for bulls here is that this B goes back to the lows, giving us the first two legs of a sideways 'flat'. Standard caveat: All wiggles to me until the Sep lows are deeply breached.

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