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

To: Moominoid who wrote (124713)	10/4/2005 2:02:10 PM
From: bigpoppapumpanddump	Read Replies (1) \| Respond to of 209892

if anyone cares - Ralph Acampora laid off by Prudential today according to briefing.com

To: Moominoid who wrote (124713)	10/4/2005 4:28:40 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

I think that the August decline could have been an impulse - a Leading Diagonal. It is also possible that the post-Katrina rally was a sharp correction -- a "three". In this case the formation since the August low is readable as a ABC-X-ABC, with the latest "C" having topped out today. Do I feel strongly about this count? No. If today's top gets taken out, all this will be in the garbage. The market has been in a pretty wacky range lately... For some strange reason I'm enjoying it... -g. What I like much less, are the ominous looking charts of energies. Mighty 3 waves down on OIH and XLE. The dilemma is - to buy more, or to run?