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Strategies & Market Trends : Classic TA Workplace
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To: skinowski who wrote (58391)11/3/2002 5:02:49 PM
From: velociraptor_  Read Replies (1) of 209892
 
I thought so too...but I can also pick it apart in the hourly charts and come up with a corrective count that looks like an expanded zigzag. Here waves A and C are equal in legnth, and B is a complex pattern about twice as big as A and C. Aside from the examples Shack mentioned, I have at least 50-60 charts with a clear A-B-C pattern off the July lows, where the B is definetely not an impulse. Given other data such as divergences and volume I think it now points to a corrective off the July low.
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