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Strategies & Market Trends : Classic TA Workplace

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To: bcrafty who wrote (136234)	9/6/2006 2:22:56 PM
From: The Freep	Read Replies (1) of 209892

BC -- I don't see what's "invalid" about the move off the June low being a B wave. Notoriously hard to count, after all. Is the C (of B) wave up "impulsive"? Well, bull counts are predicated on it being impulsive, so I would guess that it's equally valid for the bears. This is dif than Wave3s "three down" in the longer term, but n the short to mid term, we'd be in for a sharp C down to 1200 or so SPX. I agree the SOX looks bad, and disagree with MC's take that LRCX looks constructive. I would also agree with those who note that my batting average in disagreeing with MC isn't extraordinarily high!

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