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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (129600)	2/15/2006 6:24:57 PM
From: kckip	Read Replies (1) of 209892

Shack, An alternate count (to the ED count) which I believe is still on the table.... Wave 5 up out of the Oct 02 lows completed Jan 05 Then we began a 3-3-5 expanded flat Wave A down (3 wave move) ended April 05 a of B up completed Aug 05 b of B down completed Oct 05 c of B up with C=A would be around 2355 (although there is possibly 5 waves into the Jan 06 high). If this count is correct, short term breakout players should have their stops close at hand. Intermediate term, C down should retrace all of wave B and end significantly below the low of A at 1889.83 (unless it turns into a running flat). Long term, HEY we're two thirds of the way thru the correction and another big 5 wave move up should follow :) Any and all comments welcome. I apologize for the lack of chart, but I'm too cheap to pay for annotations. stockcharts.com[m,a]daclyyay[df][pb50!b200][vc60][iUb14!La12,26,9]&pref=G

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