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Strategies & Market Trends : Classic TA Workplace

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To: UnBelievable who wrote (45036)	7/10/2002 12:46:33 PM
From: AllansAlias	Read Replies (3) of 209892

I am expecting a Dow bounce now. Still, it just printed a new marginal low, so that notion is being tested. The window to an ugly decline is wide open this morning. I know I have been saying that for 3 or 4 weeks now, but it's what I see. We could have turned out of yesterday's low and kept a decent scenario intact for a wiggle bounce, but we didn't do that and now we are on fcking thin ice. Those who read this backwater with any regularity know that it is never decline that makes me think we will fall further -- only a clown thinks that way -- it is the structure I am looking at. When the Voodoo Box starts to beep and buzz, I pay attention. Anyway, the bounce that I see coming in the Dow would only bring it back to 9100-9135 -- it's the wave 'iv' I showed on the chart. (Is that chart not clear? Tell me if it is not.) Tech is in down-sloping jello, a slight wedge. It should* break to the upside as TA tells us and as they usually do. If it does not, you want to get short. Period.

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