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Strategies & Market Trends : Classic TA Workplace

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To: mishedlo who wrote (85757)	11/14/2003 2:22:49 AM
From: Shack	Read Replies (2) of 209892

I can do it if you really want but its just a guess. Its not relevant to me though as the pattern that I'm playing here is rooted more in technical analysis than e-wave. Just tracking the large wedge out of the October 2002 low, plain and simple. We are right at/slightly above the top line and I expect a reversal. Corrective waves come in so many forms (simple abc's, double zig-zags, double flats, triples, triangles...etc)that counting them is often futile, and like I said I would be guessing. The larger wedge is the set up for me here. ttrader.com I often find that stocks do not wave that well except at very large degrees. I have often mentioned this on this thread and discourage folks from counting individual issues to closely, especially corrective waves. Sometimes they are crystal clear, but unfortunately that is the exception.

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