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Strategies & Market Trends : Classic TA Workplace

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To: spvies who wrote (163729)	3/5/2008 7:23:57 AM
From: skinowski	Read Replies (1) of 209892

Is there still any kind of bear count if 1406 is exceeded? Yes. For example, the Jan low could be Wave A; a rally above 1406 may be "B" -- with a large "C" down pending. Or, the fall from Dec 11 could be 1 of 3. The rally above 1406 could be 2 of 3. Yet another (albeit unlikely) possibility could be that we already "had" a weak failed 5th. All that said, a rally above 1406 would be a bullish development, and at that point the odds would turn against the bear.

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