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To: The Freep who wrote (125901)	11/8/2005 11:01:09 PM
From: skinowski	Respond to of 209892

MMM - been watching and playing this stock for over 8 years now, and it ain't an easy one. On the really long term chart it is in a powerful advance. I'm looking right now at 18 years of history, and the conundrum of the past 18 months is no more than a hickup in the big picture. I recall discussing with Shack the "A" into August 2004, followed by an ABC (the C being a wedge) up to the March 2005 top. I think the decline since then was yet another ABC, with the recent low being the end of a wedge. Altogether, the decline since 2004 was (most likely) corrective, and the implications from this chart would be bullish. As usual with MMM, the problem is -- in timing. The stock gets where it goes, but it does it at its own pace. You never know when it may decide to kill a few months on a few extra wiggles. As for the short term, I see on the hourly a beautiful impulse off the lows, followed by what so far is a high level consolidation. May decide to pull back deeper - in which case maybe I'd try for a long trade. Not sure this is of help, but.....

To: The Freep who wrote (125901)	11/9/2005 12:08:00 AM
From: Shack	Respond to of 209892

I echo everything ski said, and I think it corrects more. Hopefully.