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

To: ajtj99 who wrote (86268)	11/21/2003 12:10:36 AM
From: The Freep	Read Replies (4) \| Respond to of 209892

Yeah, AJ... the "new highs" scenario here is that we're doing a 5 wave move that ends some correction or another. Personally, it's not my favored until we solidly regain the wedges/uptrend lines. Anyone remember that 3 peaks and a domed house thing? It would say that we go to 1018 S+P here, for instance, then bounce a fair amount back up before failing. I find 25 point topping patterns just plain ODD, but that'd be the read. So it supports buying the low here... but it really says USE STOPS. the freep