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

To: Shack who wrote (68536)	3/13/2003 11:13:05 PM
From: martin001	Read Replies (1) \| Respond to of 209892

I see maxpain for Softie at 27.5 Wouldnt that put it back in the down channel? In regards to the markets in general - this just seems like more of the same chop that we have been seeing lately. I favor this action just bringing us back up to the top of the trading range in other words we are still in a flat 4 - with the 5 down yet to come. Taking a look at your Softie chart All the action underneath your pink line represents a rectangle. In fact that size of this rally leads me to believe that we will have a matching down leg. And that leg will be the start of the "5" - though this time with volume - being led by the DOW taking out the Oct lows. I dont think the NDX breaks the Oct lows. M