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

To: bcrafty who wrote (134972)	8/1/2006 3:40:32 PM
From: Shack	Read Replies (2) \| Respond to of 209892

This isn't a "macro chart call" like AMZN was. I'm focussing on the 3 wave rally in mid July and the subsequent volume-driven move below that correction's low, likely a (iii) of 3/C down in progress off the early July swing high, both your charts clearly show that possibility. Indeed this may end up being just a minor correction in the grand scheme of things as you are implying, but a move to 30 is still worth it when the pattern looks so clear to me. Especially given it would happen quickly. As for your FA notes, why did it drop $7 off its May high? Market didn't seem to care about the lack of problems at the company to carve nearly 20% off its market cap in the last 3 months. You know the "why's" mean little to me, and you likely anticipated my response.-g Support is cracking, that's what matters to me.