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

To: Perspective who wrote (134167)	7/7/2006 2:23:31 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

IIIN.......Certainly looks that way, bc......I haven't followed that one, but was surprised since the overall sector seems to be still quite strong. For example, one of my "baby steels"...ZEUS........made a new ATH today. All of the steels I follow in the green today....on a weak market day....

To: Perspective who wrote (134167)	7/7/2006 2:41:33 PM
From: skinowski	Read Replies (2) \| Respond to of 209892

Nice Elliottian chart. Not sure I'm ready to commit there, but will watch it. I think that in the broad markets there is a good chance of more bullish - or strong sideways - action for a while longer. What a disaster with 3M! And yet, the long term uptrend is so well established that the decline from the May top could still turn out to be a C of a correction. From a bearish POV it would be interesting to see this impulse correct, and then accelerate down... that might be a sign that the trend is really breaking. ~74 should be a pretty good support area.