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To: Shack who wrote (133046)5/24/2006 5:59:22 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
So, you want to be long - essentially - against today's lows. What can I say.... Sounds like a plan.. -g.

I do see the possibility of the decline proving to be a "C". As the old refrain goes, the bounce will/may tell the story..... -g



To: Shack who wrote (133046)5/24/2006 6:01:06 PM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
A message from.......can it be?......SHACK !!.. Great!! Always un (une?) grand plaisir....LOL

Still not sure I buy that wedge of yours...but we got to 1250, as you say, and I'm a little short of alternative merchandise to sell you at the moment...having watched my uber-bull baby go up in smoke today....LOL Not much to base it on, but still have a feeling new highs are STILL in the cards.....maybe because it seems to me that EVERYBODY and his brother are so convinced that won't happen.. Will have to go back to some imaginative drawing boards...vbg

Good going your ENER and MRVL puts,,...

Re CME and FDX..less concerned about below 50d than I am about their breaking some important UT lines,,,,,Makes them look vulnerable to further pullbacks here......say to 200d...Just take an extra careful look..

BTW...if your fancy being taken by high-priced stuff...like those last two....then take a look at GOOG here...and another I mentioned here just the other day.......SHLD...

MC.......still a little bit contentious....now and then....LOL



To: Shack who wrote (133046)5/25/2006 8:45:40 AM
From: bcrafty  Read Replies (1) | Respond to of 209892
 
Shack, "the recent plunge could easily be a C wave"

Could you explain this a little better? I assume you mean the plunge that began 5/8 on the daily chart, but I don't see the A and B waves you could be referring to.

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