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


To: skinowski who wrote (147743)8/13/2007 12:54:22 PM
From: skinowski  Respond to of 209892
 
Decline of the last 2 days... could be 1 of 3(or C). It could be "B" of a larger correction of the initial decline. It could also be (nearly?) "all" of "C". That last one would be a lot like the Feb-March decline, when we had a quick little "C" down, and... hasta la vista.
Message 23783421

Sorry - quoting myself since I'm too lazy to restate the obvious... -bg. At this time new highs for the day would be wiggle bullish - towards next R level, 1475-ish on SPX. Seems like a bet against new HOD is a good R/R bet.