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To: ajtj99 who wrote (111286)1/6/2005 2:47:02 PM
From: bcrafty  Read Replies (3) | Respond to of 209892
 
Well, rather than an A of 4 how about the end of the 4?

Remember our discussion of the similarities to the 12/99-1/00 market movements, where all the down was over with in only three days?

I'm glad you brought this up, because I was about to mention it myself. With everybody focusing so hard on counting the wiggles from the recent tops, nobody has mentioned how this move from Monday counts into the larger move, i.e. the move from the August SPX and NDX lows.

The 4 I'm speaking of (and I assume what you're referring to) is the one off that low, with a 5th wave up coming; my target, SPX 1253.



To: ajtj99 who wrote (111286)1/6/2005 2:50:23 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
As I said, AJ, I am inclined to think that we are in a "real thing" IT decline, but I'm trying to trade what I see, not what I think. And chart-wise,there are several possibilities. I covered most of my shorts, and sort of stepped aside, waiting for an acceptable entry... on either side.


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