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

To: wave3rules who wrote (135667)	8/15/2006 9:24:34 PM
From: Shack	Read Replies (1) \| Respond to of 209892

You make good points, they are all potentially bullish. But that's why e-wave and TA is great, I can go into those trades with very near and clear stops. I'll know pretty damn quick if I'm right or wrong. I agree that DD is the clearest. As for the KLAC bearish corrective looking rectangle which formed since late May, it indeed failed on the first attempt to break up (counter-to-anticpated direction), that is the main reason I entered the puts, that failure. It looked like it was all a continuation pattern portending more down to me. But now it looks like it will take another shot and I got stopped out...to say the least! Its not a stock I want any part of on either side right now. But hey, as a waver you simply have to like the potential for DELL to have a minor (C) up at least, perhaps to $25. There's certainly enough out there to keep me out of puts for a spell wave3.