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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (44673)	7/7/2002 1:29:42 PM
From: ajtj99	Read Replies (1) of 209892

The compelling route for this bounce should be a re-test to fill half the gap by late Tuesday/early Wednesday, a ramp to early expiration week, a drop mid-week, and a rise in the end of expiration week. After that, I think we run sideways for a month, with an initial drop to just above the re-test after options expiration. I'm not sure where that fits Elliot-wise, but initially we could have an A-B-C correction off the July 3 low, IMO. The A could be just about done, IMO. I imagine we could also have a 5-subwave extension off the "C" to stretch out expiration week.

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