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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Tom Trader who wrote (15092)2/9/1999 2:32:00 PM
From: doug-e-mini  Read Replies (1) of 44573
 
Tom, I'm late in posting this but FWIW, the low at 26.50 which took took out the earlier low, then reversed, set-up the W formation. Your entry at 28 was perfect. A move above 35.50 will confirm the pattern.

32.00 should provide support.

Of course this is just short-term stuff and a failure of this pattern would be negative.

There looks to be a completed 5 wave down pattern from the 2/1 high.
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