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

To: venividivici who wrote (129369)	2/10/2006 5:06:11 AM
From: skinowski	Read Replies (1) \| Respond to of 209892

Checked - The Oct rally is somewhere between 62 and 78.6% of the first leg out of Oct 2002. Could well be enough. There is a much more bullish (IT) possibility (Bearish LT) of looking at that Triangle -- think of it not as 4, but "B". In this case, you expect to match the entire "A" {from Oct 2002 to Dec 2003. In this version the DOW almost certainly would reach new all time highs... most likely unconfirmed by SP and NDX. Bottom line - The larger picture allows for a multitude of both bullish and bearish scenarios. Ergo - must count one step at a time - and keep options open. It's ABC OR 1-2-1(of 3) to me!.... ;) Cheers!