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To: JRI who wrote (811)4/25/2001 9:25:26 AM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
From yesterday toward the close:

I see possibility here of another little flush (could even play out as a gap down tomorrow followed by a run), but that is from the wiggle chart and we're in dessert anyway.


I have not changed my opinion. I think any down this morning will be a headfake that sets up a push. Decent down will have me questioning our place on the map.

JRI -- yes, there are good resistance targets now that we have had some fine giving. The Apr 4 lines are my first choice along with the downtrend lines we now have off the Apr 20 highs.



To: JRI who wrote (811)4/25/2001 10:11:35 AM
From: Perspective  Read Replies (2) | Respond to of 209892
 
Yep, I think those are both reasonable targets. E-wave also says the top of the prior 4 is likely, which would be yesterday morning's failure at 2100.

[EDIT: AA's point about the declining TL is valid - if "b" is a zig-zag up, the first leg might terminate on the declining TL. The third leg might die out around the 2100 high yesterday AM.

BC


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