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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (124047)	9/14/2005 4:36:42 PM
From: Shack	Read Replies (1) of 209892

The wedge was wiggly, formed over the last few days. Could still be operative but I don't see anything similar elsewhere. And since it fell from the wedge today, if it does not recover we are likely hounding into a (iii) of 3 down. But on the daily it does not look too bad as you suggested. A big chunk of trading is clues, and last night's discussion put forth some possibilities for IWM and the $MID which IMO are strong cases for a move back to and possibly below the August lows. All in the context of a correction of the April impulsive up. Really just a large wiggle.

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