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Strategies & Market Trends : Classic TA Workplace
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To: Jack of All Trades who wrote (45020)7/10/2002 11:56:14 AM
From: AllansAlias  Read Replies (1) of 209892
 
It's worth pointing out here that tech, save for SOX, is showing us a less bearish count. It is much more overlapping, hiting that it does not want to do good down.

Just using TA (i.e., not Elliot) you can see that since yesterday's 10 o'clock low, it has flattened out into a slightly converging wedge.

We know what the rule on falling wedges is:

1) Should break to the upside.

2) if it breaks to the downside, it's a "Hound signal" and the break will be ugly.
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