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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (42884)	6/24/2002 4:57:38 PM
From: ajtj99	Read Replies (1) of 209892

AA, what does it take to get you into puts? You'd think a 149-point drop would have sufficed <G>. I'd say that was an "A", and the "B" ended at 1075, and the "C" could be around 926 NDX next Monday. The drop on the NDX was 1163-1055 x 1.382 = 1014. The rise this afternoon a bit more than .382, and the next drop off that high could be 926 NDX. I might be wrong, but that's the way things look right now. I guess this could be a 5-wave move too, but we won't know that until later this week. Again, I defer to your obvious superiority in e-wave matters. If I knew anything, I'd have taken 1014 and closed puts, re-postitioning higher (as was my intent, but at a lower level. I was looking for NDX 989 or 1001 to close puts).

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