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

To: ajtj99 who wrote (111226)	1/5/2005 10:15:55 PM
From: Shack	Read Replies (1) \| Respond to of 209892

I've been working with these patterns for a couple of years and have found them to be highly reliable I would imagine that they are very reliable. As I said I respect them insofar as they are candle representations of impulsive waves which except in the case of a 'c' wave is pointed in the direction of the prevailing trend, so trading in that direction makes a lot of sense. Doesn't change much for me right here. Its either a great place to buy (the (c) wave), or a more important trend change and I really can't make the call yet which is why I am pretty much flat. The structure of the first bounce will be key. And I'll be honest, I am still biased up (why doubt the larger trend yet?) and I think EBAY is an interesting buy right around here for new highs.