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Strategies & Market Trends : Classic TA Workplace
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To: Henry J Costanzo who wrote (135452)8/10/2006 12:59:20 PM
From: The Freep  Read Replies (1) of 209892
 
Huh. I can squint at the Daily SPX and see 5 waves up off the low of the 18th, and breaking that down I can see a wiggle ending to it -- very sharp 2 on the 20-21st, etc. Not an ideal impulse, of course, but the wiggle ending is there. But then, of course is the question... what ended? If that was the end of a C up of a bigger correction, we should now get a brother move down to the May-June decline (which was 3 waves to me). If it equals that, we're going to 1185ish SPX. Quite a ways lower. But if we're doing something else... well... your guess is as good as mine!
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