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Strategies & Market Trends : Classic TA Workplace

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To: ajtj99 who wrote (111277)	1/6/2005 2:13:14 PM
From: skinowski	Read Replies (2) of 209892

The thought of an ED on NDX did cross my mind, but it may still not the 5th. Check the DOW/SPX: they seem to be actually "wedging" up today. May even be the ending move of a corrective (4?) from 2.45 pm low of yesterday. And the 5 down may still be due. Of course, it is also possible that the down is done for a while. In this case, the mucho dinero question is whether it was Wave 1 (or A) down, or was it the "C' of a corrective structure, and the uptrend is about to resume. My bias is a bit bearish, but that doesn't mean a thing.

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