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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (131609)	4/3/2006 6:54:34 PM
From: skinowski	Read Replies (1) of 209892

INTC does look like an ED since mid-February, which would be well positioned as a 5th wave since the top in early December. This has potential bullish implications. However, SOX looks poised to break down further (which it may or may not do). Therefore, I would be careful with INTC at this time. Maybe it's a play - but only after a breakout. Candles... yes... Dark Cloud Cover on SPX and NDX... COMPX almost completed a Bearish Engulfing Pattern. In the wiggles - so far there is nothing which could not be fixed by a quick reversal tomorrow. But a move down below Friday's low could begin to change things.

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