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Strategies & Market Trends : E-Mini Pit

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To: the-phoenix who wrote (5587)	8/21/2002 10:43:10 PM
From: the-phoenix	Read Replies (1) of 11288

Nasdaq Bearish Gartley Update 8/21: ttrader.com Last night I pointed out the importance of the AB=CD dimension of this pattern, and that in this case we were watching the 1.272AB=CD at 1412. Today's high came within 1 point of this figure, so we are still within our expanded Potential Reversal Zone (PRZ). The pattern is still in play as long as we do not exceed point X at 1426. Today's HOD right at the AB=CD projection is significant. Tomorrow should be the day that tells us if the pattern will hold or if this market is much stronger than anyone expected.

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