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Strategies & Market Trends : Classic TA Workplace

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To: Galirayo who wrote (112272)	1/23/2005 11:00:20 AM
From: cthruu	of 209892

4th wave pullback fails below 1440.81 or 1474.70 depending upon whether you label 1445 as 1 or iii of 1; OR 1475 as iii of 1 or i of 3. 200 EMA is at 1483.60; 200 SMA is at 1468. Gann 1:1 down leads to 1452 where it intersects Gann 1:4 up from pivot low on 8/12. The support from 1:2 intersection I had posted a couple of weeks ago gave up on Wednesday's reversal. Before it reaches there, the 200 MA support(whichever you believe in) comes in play. i of 3 impulse wave from Sept-Dec peaks at 1474.70; that also comes in picture. ttrader.com\'s%20charts&id=879&d=2 I believe it will depend upon what happens in Iraq next Sunday. 1st week of February should certainly be a rally - I do not know if it will sustain.

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