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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (131545)	4/2/2006 1:20:51 PM
From: Moominoid	Read Replies (1) of 209892

This analysis whereby one takes one's FA and then works back a count to support it is not only flawed, it is verbotten on this thread. Y'all need to preface this stuff as OT because it really ain't sound TA. We all know a count can be put forth to support any view I thought I was doing the opposite - predicting FA from TA. What E-Wave count from the 2002 low could support an immediate move to 3000 on the NASDAQ composite? I haven't seen one. The four year cycle is also a TA approach, I think, as it is just based on history, and it is pointing down too... the very short-run chart might look bullish, but the bigger picture doesn't IMO.

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