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Strategies & Market Trends : Classic TA Workplace

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To: Jack of All Trades who wrote (40392)	5/28/2002 11:11:08 AM
From: AllansAlias	Read Replies (2) of 209892

What's interesting for me is the relative brutality of today's small down. It's not much I know, but when one has a scenario in hand that would call for the meat of an impulsive decline, then one of the clues you are looking for is the "look" of the down if it comes. If this morning's down had been tortured, then the Voodoo Box would have given the hard down scenario a demerit or two. As it is, it remains strongly viable. At the point, it could still be the 'b' pictured earlier, with that 'c' up to come that would bring us to 1290-1300. I can not choose between the two scenarios at this point. I am happy not to be chasing it short through (like our wiggle bulls from last week -bg).

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