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

To: venividivici who wrote (131862)	4/16/2006 4:58:11 PM
From: skinowski	Respond to of 209892

I noticed over the years that if you start seeing overlaps and begin looking for "series" of 1's and 2's - yes, you may still be right - but the odds are not quite as good as when you have clean impulses with NO overlaps. Btw, as I type, it occurs to me that on the NDX the October rally fits in quite nicely as a 3 of 3 - if you count from April of last year. If that's the case then the 3rd ended at the January top, and we are in what so far looks like a weak 5th. This would suggest a bearish overall read: ABC-X-ABC, in which "X" is the August 2004 low. (and this is from a guy who was arguing all weekend about the futility of coming up with specific counts.... LOL)