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Strategies & Market Trends : Classic TA Workplace
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To: skinowski who wrote (115053)3/19/2005 11:58:34 AM
From: Shack  Read Replies (4) of 209892
 
When I look at the weekly charts of the $GSO and $DOT off the Oct 2002 low I see very little ambiguity from an Elliott perspective, 5 waves complete and a strong initial move off that top.

It is my contention that whatever happens to the SPX or any of the broader indices, that those charts are clues to look south for the money moves, not north, at least in tech.

But alas, given I am looking at the coming down as a cyclical (b) of B, anything goes, even a new high. I think trading is going to get a lot tougher.
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