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

To: bcrafty who wrote (47270)	7/24/2002 3:04:39 PM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

Dunno. I am listening to price and trying to learn what's it's telling me. Each time we take a fork in the road, the Voodoo Box switches to a different probability map. With the new wiggle high in non-tech, a few new possibilities show up and a few others die, but it's premature to say anything other than "The possibility of a slide to new lows today is greatly diminished." -- that scenario became a low possibility as soon as price got to within 20% of this morning's high (using retracements from that high to the low that followed). Knowing what has died is as important. In this case, it warns me that shorting is a bad risk:reward.