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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (125956)	11/10/2005 11:59:33 AM
From: Shack	Read Replies (1) of 209892

What do you mean by "SBUX 1-year"...?? The one year daily chart, since the late 2004 high. (A) down, (B) up and now a (C) down? Compelling idea for me. And yes, the wiggles off the recent high on Monday look impulsive and may be the start of the proposed C down, as such a strong Elliott play is a short in the mid to high 29's with a tight stop, may be worth a shot for a potential $9 drop.

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