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Strategies & Market Trends : Classic TA Workplace
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To: The Freep who wrote (116250)4/8/2005 10:56:04 AM
From: skinowski  Read Replies (1) of 209892
 
If we are still in some sort of a "4" counting since August of last year, then it's getting really long in the tooth... If this is a corrective bounce, and if the trend actually has changed on March 7, then, of course, it can keep subdividing and bouncing around for a good deal longer, without changing the larger picture. But, IMO, the minimum bounce needed to correct the March decline is already completed.

But - if SPX dips below the S/R in the low 1160's - in that case, most likely, it's Acta est Fabula....
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