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

To: The Freep who wrote (163675)	3/4/2008 3:46:54 PM
From: Perspective	Respond to of 209892

<So the move up is an A, the triangle is a B and now we'd get a C up.> That read is what has kept me in most of my hedges until now. Regardless, this is the rally I've been waiting to sell. We're almost six weeks out from the panic rate cuts; 6-8 weeks is about the timing I was expecting for the topping window to open, with solid tests of the 50DSMA in most places. Hoping for NDX 1775. Perhaps SPX 1380 or so. I know that A=C targets are north of 1420, but I don't think I'd hold out for that. I would be absolutely beside myself if the market gods would be so kind as to make this easy by building an obvious overlapping wave C ending diagonal over the next 5-10 days. Never happen... `BC