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

To: Shack who wrote (69498)	3/24/2003 3:01:34 PM
From: Sully-	Respond to of 209892

"Tell me something I don't know.-g/ng" I have two cats & two dogs. ;-) Just tryin' to help Shack. I wasn't sure you had heard the briefing.com stuff. BTW, appreciate your E-Wave analysis (& others who participate). I know folks don't say it often enough here.

To: Shack who wrote (69498)	3/24/2003 3:01:35 PM
From: The Freep	Read Replies (1) \| Respond to of 209892

Shack... it might be defended, but geez... it's bounced 2 whole points off the low. On a day where it was flirting with 5% down, that's not defense... that's just tired sellers. <g> I will also note, though, that the banks dipped under their 50 DMA today after closing above at the end of the week. Right now, they've climbed above it, but just barely. That's another key index to watch for possible breakdowns, imo. In all the various wave talk over the weekend, I didn't get to make my only useful comment: watch the nature of the first counter-trend move to see if it helps give the overall count clarity. Now, while the start of this move sure looked impulsive, we seem to be just noodling around since then. A running correction before more down? Or just the end of this move? I guess we gotta watch the NEXT move to give us clarity! the freep