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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (93570)	3/19/2004 10:38:24 AM
From: bcrafty	Read Replies (1) of 209892

Allan, it appears to me that the consensus at this board is that SPX is at least in an the A of an ABC off this month's high, and some feel it's in a 1 down since then. If the former is indeed true, I would think that it would take "months" to complete. Whether it take until the end of May or the end of some other month is open for debate. When Shack speaks of the "board kind of split leaning toward bullish" I believe he meant bullish after said ABC is done. He mentioned the other day that he thought SPX recently completed a large ABC from the 10/02 low. Right Shack? Some of the more bullish think the move off the 10/02 low is a five wave move and that we are currently in the 4 of it.

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