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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (117538)	4/25/2005 3:41:34 PM
From: elliottrules	Read Replies (1) of 209892

Shack, Todays high in the Dow and S&P (and others) may have finished the 4th wave down from the 3/7/05 top ttrader.com Wave 1=3 which implies that 5 will extend. If 5 = 1.382 x 1 it would go to 9488. 9466 is 38.2% of the advance from Oct 02 to Dec 04. Below 10430 (wave 1 low) anything goes on the downside. Above there and I re-think everything.....

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