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Strategies & Market Trends : Classic TA Workplace

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To: Perspective who wrote (134167)	7/7/2006 2:41:33 PM
From: skinowski	Read Replies (2) of 209892

Nice Elliottian chart. Not sure I'm ready to commit there, but will watch it. I think that in the broad markets there is a good chance of more bullish - or strong sideways - action for a while longer. What a disaster with 3M! And yet, the long term uptrend is so well established that the decline from the May top could still turn out to be a C of a correction. From a bearish POV it would be interesting to see this impulse correct, and then accelerate down... that might be a sign that the trend is really breaking. ~74 should be a pretty good support area.

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