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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (124047)	9/14/2005 4:39:15 PM
From: skinowski	Read Replies (1) of 209892

Check this one, MC. The exact labeling of wiggles can be kinda "fluid", but I think it may answer your question, or at least help you envision the possibility. The last leg down is part of the potential "3". Imo, if today's intraday highs get taken out, the bearish scenario would be badly hurt. Message 21703031 The index retraced a Fibo ~38.2% of the preceding rally. Also, wiggles being what they are makes them a bit unreliable, but I submit that in this case they seem to be impulsive to the downside, rather than "threes". Such phenomena tend to suggest that Mr. Market may have bearish notions in mind.... -g

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