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

To: jjstingray who wrote (71992)	4/24/2003 10:57:10 AM
From: Death Sphincter	Read Replies (1) \| Respond to of 209892

i have also been tracking that MMM wedge since late 2001. my play for months has been that the overall market has completed a giant bear leg down last October(an "A" if you like, but more complicated in some indices)...and that we are in a counter move rally up now(a "B" up type deal)...with the death blow "C" down to come later. along these lines I have always contended that when the MMM wedge terminates, this will signal the beginning of power DIARRHEA WAVE down. and that MMM will spike above its upper trendline of that wedge into the 140's to 150. the spike to 137 hit the topline on a 10 year chart, so if I believe in this really long term scenario then there should be one last spike remaining....I have been playing MMM with this scenario, on and off, for some time, and just took another long position today with a stop out at 125