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Strategies & Market Trends : Classic TA Workplace

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To: skinowski who wrote (100473)	7/1/2004 1:02:09 PM
From: mishedlo	Read Replies (1) of 209892

Email from Scott Reamer - Minyanville. I sent him Brian's charts... ================================================ Yup: the second link you provided is the alternative that I have (MV readers can’t see the charts that are in the research piece sadly. I will attach it to this email so you can see the Alt counts). The”problem” with this more bearish count is that the black 2 and black 4 corrections are very disproportionate (the 4 is much much larger in actual and % terms than the 2. EW counts that are disproportionate are highly suspect. In either case, our call was to be bearish to 410 then potentially bullish IF bottoming action were forming. Otherwise, if 410 doesn’t hold, 330 is the next stopping point. We shall see, of course, but either way, this thing looks down from here to at least 410. then the real fun begins…if the bearish count in the second link is operative, the 410 level will not even come close to holding prices…so positions put on now will just ride with the down move… S

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