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Strategies & Market Trends : Classic TA Workplace
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To: Shack who wrote (70776)4/7/2003 7:23:29 PM
From: skinowski  Read Replies (3) of 209892
 
Since the high on 3/21 we had a “three” down, followed by a “three” up, and today the market made a decisive overlap with last week’s highs.

(I think the move up from 3/31, however, can be seen as a "five").

There are two possibilities, I think. First one is the one you suggested. Another one is that the swing up from 3/31 low is a completed impulse – and ALL of Wave C we will ever see.
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