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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (42648)	6/20/2002 3:14:37 PM
From: At_The_Ask	Read Replies (1) of 209892

There is a decent head and shoulders top on the wiggle charts. The kneckline is at 1077 NDX. I believe we get a small C up to fade the Head and shoulders sellers and then we go down for a 5 of C. A case could be made for a complete ABC correction from tuesdays high, but todays movement appeared to be a 5 of 3 down folowed by a 4 to this point(there is a down channel line right around 1085 or so). I think I understand why you gave up the NQ's now. They are too whippy and I think too many guys are trading them now. cheers.

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