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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (110687)	12/28/2004 11:59:54 AM
From: Shack	Read Replies (1) of 209892

I agree about the semis. They continue to struggle with any sort of impulsive structure in either direction, but the trend albeit a fairly weak one remains up. KLAC actually just finished off a wiggle bullish wedge on the 60-120-min charts and looks pointed up now. That SPX wedge is by far the dominant pattern in the market for me right now. No way I take my off the ball right here, and for the record I think it hounds up. BTW, anyone who wants to track that wedge just put up a 60 or 120 minute chart and start it from the Dec 3 high. Thing of beauty.

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