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Strategies & Market Trends : Classic TA Workplace
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To: Henry J Costanzo who wrote (205699)2/21/2014 10:22:19 AM
From: robert b furman  Read Replies (1) of 209892
 
Yes sir !!!

"An upwardly skewed flat - where the forces are so powerful that they cause the low of wave C to lie at or above the peak of the previous impulse wave".

So that requires defining where wave 3 ended.

Some say 12/31/13 @ 1849.44 or

Some say 01/15/14 @ 1850.84

both very close and why many think 1850 provides so much supply of stock it will not be passed over.

If it was passed over on this third (next) attempt it would signal the start of iii.

That would be very powerful and take off a lot of shorts and hedges.

It could well give us a strong iii of v of 3.

But right now that's just dreaming.

With options expiring today - I'm still surprised to see the stable strength in this market after such a powerful lift last week.

Then again January was a pretty rough month so we're playing catch up - just like the corrective wave ii your roadmap has very accurately presented.

I guess it has been almost two years I've been wanting to see a running flat.

Mostly because the corporations are doing well and sending money back to investors - all the while the market has earned very little respect.

A running flat IMO would change many views for those who watch for these things.

That type euphoria, is what must be generated to get us through the 4 and into the irrational exuberance of the 5 which hopefully lies before us.
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