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Strategies & Market Trends : Classic TA Workplace
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To: John Madarasz who wrote (66542)2/15/2003 1:12:14 AM
From: mishedlo  Read Replies (3) of 209892
 
IQuato has spx max pain at 870.
My eyeball has it at 850.
Either way, the Rally Monkey seems to be in charge here.

Can someone tell me what the Ewave counts might look like at those two numbers: 850 and/or 870.

I was on the phone today with Brian and he covered yesterday at 812, got back in at 823 and covered at 832 or so. (I tried to get him to cover at 827 but once the hod was taken out at the end of the day, he was out).

At any rate, what is everyone thinking now, and what will things look like if we reach either my pain target or offficial max pain. For that matter what happens if this is the full retrace right here right now.

Lots of questions. Brians answer was that EW sucks on corrections and it is very difficult to tell precicely what we are correcting. Are there any other thoughts?

Thanks

M
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