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

To: Jerry Olson who wrote (88183)	12/23/2003 11:44:14 AM
From: jjstingray	Read Replies (1) \| Respond to of 209892

UTSI, wow, interesting play. If the market keeps going up it could go too, but I do not like the pattern. I would rather be short with a very clear stop. A break back into that little wedge. stockcharts.com[w,a]dhclyyay[dc][pf][vc60][ilb5!lb14!lh5,5!li10,10!lp14,3,3!la12,26,9!ll14][J19530374,Y]&pref=G Hard to really be short anything. Market just does not want down and I think the NDX sees 1550 in short order.

To: Jerry Olson who wrote (88183)	12/23/2003 11:59:40 AM
From: skinowski	Read Replies (1) \| Respond to of 209892

Good luck, Jerry. EW is different in this sense. It's more like you expect certain patterns to unfold, and once they look completed, you begin to expect signs of reversal. Like everything else, sometimes it works, and sometimes it doesn't. Sometimes the Architect - Mr. Market - without telling anyone, decides to add another few levels to the building. So, one has to keep track of different types of TA, look for other evidence, for confirmations, etc. ...Other than that, it's a piece o' cake.