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To: Henry J Costanzo who wrote (115589)3/28/2005 9:02:12 PM
From: Shack  Respond to of 209892
 
That's fine. So far he has been correct.

As for the lower lows comment, I really meant lower lows vis-a-vis prior major pivot lows, mainly seen on weekly charts. In other words tech has only retraced 50% of the previous up wave so far (The August 2004 move). But you're quite right, in the smaller time frames we have a lower low.