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Strategies & Market Trends : Classic TA Workplace

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From: Henry J Costanzo	1/25/2007 3:05:39 PM
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Market....some signs of possibly stabilizing here...BUT action today at least raises question whether my read of impulse up from 1/22 accurate...I never was able to fit in a solid read for the pullback between the 18th and the 22nd, and that may prove to be the major flaw in my read... One possibility here is that we've been seeing a running flat from the 18th...which could mean pulling back here to the 22nd low again..14,305ish DWC and 1420ish SPX...And in any event...even if impulse read holds..the upside I was talking about will probably need to be lowered..

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