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To: The Freep who wrote (63701)1/14/2003 2:39:19 PM
From: Perspective  Respond to of 209892
 
The scenario under which the entire correction is complete just says that the entire past week is some contracting slop preceding a wave 3/C. Whatever down we need is probably small potatoes relative to the up that should come out of it.

That said, if it doesn't act like a third wave launching, then it isn't a third wave, and something more bearish would be unfolding (ie all this action is more of an ED).

Still not trading, inclined to buy into the trend if we launch solidly, or if we get a "c" down to add to this slop. Still hoping to get another 8% out of tech to set up a really good longer term shorting opportunity.

BC



To: The Freep who wrote (63701)1/14/2003 2:40:43 PM
From: Shack  Respond to of 209892
 
Well we have a mildly important test right here as tech is on the verge of giving up the UT line off the late Dec lows (using Dec 31).

I don't think it means much in the larger picture, that line was too steep to hold.


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