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Strategies & Market Trends : Classic TA Workplace

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To: Moominoid who wrote (125140)	10/18/2005 10:34:33 AM
From: skinowski	Read Replies (1) of 209892

Well, that's because you're an academic... I know the pattern... some of my best friends are academics... ;) But to get back to trading -- At NDX 1552 and change I see the lows of the (presumed) waves 2 and 2 of 3(orC) - in a structure analogous to my interpretation of SMH. The index really should go ahead and stall someplace near here. I went ahead and shorted some... risk would be limited. The NDX structure off the lows a few days ago is hard to read. Looks like two wiggle impulses up, and a third one - looking undercooked - trying to take shape from yesterday's low. Not sure what to make of it, but sold some at resistance anyway.

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