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Strategies & Market Trends : Longer-Term Market Trends

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To: Perspective who wrote (2162)5/7/2009 8:59:07 AM
From: skinowski  Read Replies (1) of 3209
 
$MXDOW... it does look like a pretty Flat. However, it could be that the March low was a "failed" 5th - and the rally may be a zigzag (so far), interrupted by a running correction. If that's the case, it's about to test the top of its (presumed) 4th of a lower degree.

This chart presents the same conundrum as so many others - differing interpretations ARE easily possible. We probably need to step beyond structure in order to find clues (which I tried to do, with that observation about Bankers).
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