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

To: Shack who wrote (136810)	9/26/2006 7:49:29 PM
From: Galirayo	Respond to of 209892

[AA] is showing a Weekly Hammer in Harami on the Median line of a 3+ year chart but what else are you looking at ? A Completed C in a falling Wedge ? stockcharts.com

To: Shack who wrote (136810)	9/26/2006 10:27:50 PM
From: Henry J Costanzo	Read Replies (2) \| Respond to of 209892

<<..added more longs today, AA calls...>> Very interesting...brings back lots of memories, Shack...of your wedge last year, and the role it played in your thinking about broad market prospects. It didn't deliver last year what either you or i thought it might...but it did deliver what TA allows a good wedge to do...return to its starting point...last year around 35 (got briefly to 37).. TA would allow new wedge this year to get back to about 34...and given relatively slight R it'll have to buck (compared to last year) looks like it should be able to do that fairly quickly....(and after that it might well move into triangular shape and promise something more interesting.) Too early for me..but will be watching how it breaks out...and may join you later with some calls...