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Strategies & Market Trends : Classic TA Workplace

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To: At_The_Ask who wrote (62972)1/8/2003 10:30:03 AM
From: Moominoid  Read Replies (1) of 209892
 
Yup but as E ends up below the base of the big A from the highs there is no net correction for the triangle. One alternative I have has wave B as a triangle too. But wave D is in Dec-Feb 2002 (couple of alternatives for working out the starting point) and wave E into early March. After that there are 5 waves down to the bottom. That could be 1 of C potentially with 2 of C up to the recent top in Dec 2002. We would now be in 3 of C down.....

My other alternatives are that we are in wave 2 of the new bull market (with the peak being B of 2). Or we are in the beginnings of a multiyear B wave in a much longer bear market than even the above scenario (but likely not as deep).

David
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