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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (65176)	2/3/2003 12:10:26 PM
From: mishedlo	Read Replies (1) of 209892

From Brian The rally this morning completed a textbook Ending Diagonal pattern, and since has traced out 5 small waves down with a correction up. Ending Diagonal patters appear at the end of wave C's in a correction or at the end of wave 5's in an impulse. This diagonal would mark the end of wave C and the end of the correction. A pass below 844 will confirm it, but I think that the diagonal is good evidence that the correction is over. The ceiling is 865 for this to hold. All the Best, Brian

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