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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (121640)	7/8/2005 12:11:35 PM
From: Henry J Costanzo	of 209892

XBD....one of your old faves on which we often disagreed......Another new high today...... FWIW .....In the interests of "live and learn", took another look at it, and development my views on it.... Early in the year, I was shouting rectangle top....and I was right......Broke that pattern, which I had measuring to 135, and hit a low of 133 in April.... Should have recognized at that point THAT was THAT, and time to take a fresh look....But I had "lower" on my mind.......and aided and abetted by some mistaken EW ..as well as TA...thinking, thought the return to the lower rectangle line was just a normal shortlived backtest.....thereby missing what was the beginning of a major advance..And I similarly took a negative view of some of the component issues, which you were flagging as bullish....And I remained sceptical quite a ways up.... Lots for me to learn there, but once again.....sigh........learned at least to keep my mind OPEN to all possibilities.....g...Will try to remember ...LOL

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