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Strategies & Market Trends : Harmonic Trading with The Phoenix
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To: the-phoenix who wrote (704)5/26/2003 10:07:54 PM
From: skinowski  Read Replies (1) of 941
 
The most recent wave down (since March) is close to being 78.6% of the preceding one (since Sept. 02) and it is also close to 50% of the move from Jan. to Sept. of 2002. Additionally, USD is close to an area of support going back to the fall of '98. These are general (softish) hints that something may begin happening around here, but... there is no shortage of better plays where one could put some money at risk... -g.
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