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Strategies & Market Trends : Classic TA Workplace
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To: Shack who wrote (134112)7/5/2006 4:55:13 PM
From: skinowski   of 209892
 
Well, OK... 30 it is... Approx. 1257 seems important. A consolidation above that level followed by new highs would be likely a bullish Wave 4 (and 5, counting from June 14). A dip under 1257 would indicate that the action since the June low is more likely to be corrective.

All this long-term trading business really IS easier... ;)

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