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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (43933)	6/29/2002 1:40:58 PM
From: CYC	Read Replies (1) of 209892

AA, Thanks for coming up with some interesting studies on the thread, including this latest gem. Am I correct in interpreting it as an indicator that we are coming close in time for a playable bottom? I know you want to discuss MMM and PG. FWIW, I have puts on MMM, entered at 125. I missed PG puts by a dime or so when the stock was trading at 92 or so last week. I didn't chase it, which might be a mistake in retrospect. When MMM bumped up to 130 a while ago and a few tries later close to it but was unable to break through, it obviously needed some down to finish some structure or start a wave down. I don't know how to count the waves, but I am betting that it will fill the gap of 112-120. BTW, you are such a fair and nice person that I don't think you need anyone to defend you for the misplaced accusation the other day. Many thanks for the free education that I am getting from the thread. Trade well. Cheers.

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