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Strategies & Market Trends : Classic TA Workplace

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To: Galirayo who wrote (140081)	1/10/2007 7:29:51 AM
From: Patrick Slevin	Read Replies (2) of 209892

You spoke of Price and Time with respect to the SP Index. If what I'm reading is correct, and I'm reading it correctly, the analysis of this sort of correction indicates that the SP Index should find it's reversal back to an uptrend today or tomorrow. I'd post the analysis but let's see if it's correct first. Typically this sort of correction "should" last until around the 20th of January. That's based on historical data though. This rationale I looked at yesterday pinpoints the turn based on abc corrections in an uptrend. You may have seen it before, I don't recall that I ever have. Anyway if it happens I'll post the method.

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