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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (24725)12/11/2001 3:43:38 PM
From: AllansAlias  Respond to of 209892
 
MRK trading at $60; testing underneath the Sep low. LOL

Elliott-wise, that a-b-c-d-e triangle broke. You can see it on the dailies.

(BTW, for you lurkers and bullish readers... I am not taking joy in someone getting hosed on MRK. I am laughing because, imo, it seems so obvious that its overvalued.)



To: AllansAlias who wrote (24725)12/11/2001 3:45:35 PM
From: Paul Shread  Read Replies (1) | Respond to of 209892
 
Sounds like the coming rally is everything, I take it, either a 1 up or a 4 in a downtrend?



To: AllansAlias who wrote (24725)12/11/2001 3:58:10 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
Yes i see that now and it makes way more sense. Despite how weak the bounce looks today, it did retrace 38.2% in tech. I agree with you that we began the 'c' today.


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