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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (62438)	12/31/2002 3:26:53 PM
From: NOW	Read Replies (1) of 209892

Any thoughts on this count of Mark Fowler? "So as frustrating as it is, my primary count is that Wave A of Supercycle IV completed in July 2002 at 7594 hourly(11720 top Jan 1999) Wave B completed on December 2 at 9040(what a tremendous double top)(October 10 low at 7205 hourly was b of B) We are in the early stages of a Wave C which just has to take out the July lows to be complete. However, Since A was 4126 hourly points, C could be complete at 6490, 4914 or 2364. Right now my trading strategy has been to sell call premium augmented by day trading a 10 point emini range between 9:30am and 12:30pm I think we could get an early year downside whoosh as the sellers overwhelm the buyers as soon as the market opens on Jan 2. Then the next week will tell us a lot about institutional volume "

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