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Strategies & Market Trends : Classic TA Workplace

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To: jmiller099 who wrote (168695)6/6/2008 2:00:53 AM
From: Shack  Read Replies (2) of 209892
 
OCT and MAY downtrend. Additionally,a little less strong the OCT and MAR

Don't understand this jm, what does this mean?

Its a straight classic TA and wave set-up for me. Any strength at all recovers a triangle breakdown, a powerful technical signal, and should be a trip back to the triple top at 57 which inevitably won't hold for a 4th time. And up we go to $70 in that C wave.

But it needs that first bit of strength. For me if its going to die, then it dies right here right now. Anything but immediate weakness and I think it launches.
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