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Strategies & Market Trends : Classic TA Workplace
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To: jjstingray who wrote (63780)1/15/2003 8:06:57 PM
From: skinowski  Read Replies (1) of 209892
 
Oh yes, this is what I see as well shorter term. Both of the declines since Dec. 6 look impulsive, and the stretch in the middle is clearly a correction. The entire sequence may yet turn out to be a correction, and this is what I think David has in mind… The answer here is sweet: If, instead of completing a fifth wave down, the index rallies, we’ll see it very soon, as it would have to overlap with the previous low near HUI 143 (putative bottom of ‘1’).
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