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Strategies & Market Trends : Dow 4000!

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To: Gary Burton who wrote (66)	9/26/1998 10:26:00 AM
From: chartseer	Read Replies (1) of 140

Not being a student of the Elliott wave theory I don't understand references to waves whether numbered or lettered. Since I use PnF charts I may have a different slant on the market (DJIA). Even though we are below the BRL bearish resistance line the market is making higher lows and higher tops. This may mean that we are in a technical rally. The height and length of this rally will depend on two things can we pierce the BRL and can we pierce the next resistance area of 8400? In the mean time are we forming a head and shoulder pattern? Are we on the right shoulder? Seem I m raising more questions than answers. Will stay tuned for more info. In the mean time good trading. Chartseer

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