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Strategies & Market Trends : Classic TA Workplace
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To: Henry J Costanzo who wrote (117825)4/28/2005 2:12:04 PM
From: The Freep  Read Replies (1) of 209892
 
MC -- I thought you were looking at this recent consolidation as the iv of 3 of C? That would imply a 4 and 5 still to come to finish the down. Oh wait... was that only in the SPX?

I'm not convinced that they're on such different paths as that, personally. I see a lot of charts that still have some wicked down POTENTIAL, so it'll be interesting to see if we're heading to those 1860-80 levels everyone is watching if we are able to 1) stop there 2) bottom there 3) simply muster a bounce there. But for now, tech itself really seems in no rush for down today, so we might not get an answer for awhile.
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