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Strategies & Market Trends : Classic TA Workplace

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To: Moominoid who wrote (137505)	10/16/2006 3:32:47 PM
From: skinowski	Read Replies (2) of 209892

MC's hypothesis of the few Expanding Flats along the way has a lot of appeal to me... which would bring us to the view which Ray just posted - namely, that July 18 was the low of Wave 2 of the rally that started in June. How to break up the subdivisions which followed, I am not sure. The last few days look like an impulse, as I stated. Is this the final leg, or will the advance subdivide further - I can't tell. The bottom line is that the uptrend is intact, all the way down to the level of wiggles.... it's stretched, but there is no signs of breaking so far. Gotto be patient.

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