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

To: JRI who wrote (57438)	10/22/2002 9:05:09 PM
From: Shack	Respond to of 209892

Its really best work with S/R for now but I have two scenarios wave-wise: 1) The DOW entered a corrective down way back at the open on the 15th (exaggerated 'B'). In this case I have it going to 8035. 2) I have the ED scenario which really does not take us much below DOW 8320. The diagonal does not really look good on the DOW but it would be picture perfect on the XMI. Once again, I am expecting at least one more leg down in the wiggles. As for tech, I have several fibs pointing towards SOX 255. I expect early strength tomorrow which should be sold IMO.