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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (170285)8/5/2008 1:07:45 PM
From: Henry J Costanzo  Read Replies (1) of 209892
 
Right you are, Freep....but not sure they can be B waves ???......Also, Elliott triangles are supposed to be "prolonged affairs"...and this move hardly "prolonged"...Dunno where that leaves us....maybe, whatever its wiggles, just a 2 flat in progress on the daily chart....OR with my TA hat on, say it's looking very much like a bullish pennant here...LOL

In any event, key here is ability to break above the small DT line from the 7/23 high...and post-FOMC action might give us a clue on that...???
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