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

To: Shack who wrote (123157)	8/21/2005 1:29:41 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

Nice thinking... I should have known you are not looking at wiggles.. -g. Yes, a large "C" up from here would fit in very well. I'd say that new recovery highs from here would be a strong argument that such a move may be underway. But you do realise, don't you, that I'll try confuse things a little, and throw in a monkey wrench?... -g. Look at IBM starting with the ATH in 1999. Label the 2002 low as "A" - and the February 2004 top as "B". From this POV, we may be setting up for a major decline. But, to reiterate, new recovery highs from here would be bullish (again, unless it is a big clumsy 2 of 3). For now, I'll wait to see what goes first - 77-78, or 85.