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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (169101)	6/18/2008 11:34:38 PM
From: rcksinc	Read Replies (2) of 209892

Henry I certainly do not think the way you trade affects your reads on the market. I think what I meant to say was you have held a bullish view through this whole time, from last falls drop off the top and I am not judging that in any way, I think its a valid view of where we are. Yet there are lots folks who have a variety of counts that vary from yours that are bearish to mildly bearish at this time and I think they are reasonable views. Its much like your discussion with Freep today. I find it helpful when different views are examined that way. With all that said, I know when you post something what the basis for it probably is but with Paul's statement it has no context. Is it a trade? Is he suggesting to buy today's low, because we have a bottom? Is he entering positions here because he feels we are at worst 10/15/20 points from a bottom. I tried to pose the questions, I'm asking here. Do we see 1500 before 1300? This discussion probably wasn't that helpful. I know you put forth all the time what you think is the best read of what is happening in the indices or individual stocks each time you do it.

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