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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (135449)	8/10/2006 12:20:46 PM
From: The Freep	Read Replies (1) of 209892

This relates to what Shack was talking about last night, I think. Different sectors doing different things... and more to the point, keeping us guessing. Even in the wiggles right now, there's a couple equally great interpretations. Take the SPX: as I noted yesterday, it's a great ABC off the high of last week. OR we're in a ii/2 up here and about to hit a iii/3 down of something or another (or, to add to the joy, maybe this is a iv up in the wiggles, so we start to plunge like a 3 but then reverse). I could look at that wiggle chart endlessly and not be able to tell. Same with many of those H+S possible tops (like LRCX which just keeps playing around like a confirmed bachelor, unwilling to commit). Makes it more fun, of course!

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