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

To: AllansAlias who wrote (30538)	2/7/2002 11:05:45 AM
From: Moominoid	Respond to of 209892

It's making a break for the downtrend from 1 Feb as you said and the hourly stochastics are pointing up - dailies (slow 5,5) are crossing too today towards the upside and a 50% retrace is in place on closing price basis though it was intraday.... Weekly stochs are nearing a crossover too after making 3 waves down from the Dec 6 high... So everything is setting up for the end of wave 2...with an ED throwover haning on the end of the ED on the end of C of 2. edit - there's a nice little gap opened on the 5 minute chart.