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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (135652)	8/15/2006 6:59:46 PM
From: wave3rules	Read Replies (2) of 209892

I see a couple things things for the S@P. The bearish wedge as was mentioned is possiable. The recent action really looks like a corrective wave ii for the next leg down, clearer on the DIA chart. img350.imageshack.us However a case can be made that what I thought was a v wave C to complete corrective wave 2 up that ended 8 days ago with the spike was only iii of C and then the next 4 days was iv of C and we are now in v of C. One thing that points to second structure is the strength of the NAZ100, if that follows thru as it looks to be ready to do that will add strength to the S@P and DOW. Somehow I figure tomorrow will tell us one way or the other, could the numbers coming out sway the wave structure....

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