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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: illyia who wrote (1523)	7/31/2008 6:51:03 AM
From: AllansAlias	Read Replies (2) \| Respond to of 3209

Although your count is invalid (a 'C' wave is motive, not corrective, so it should not be an 'a-b-c'), your INDU weekly is showing what I favour -- a rally, followed by new lows. I was referring to the s-t map, that we had more up here to come first: Remember the maps posted this weekend? The wiggle underpinning saw us entering soon a 'C' up. Presuming we started that yesterday, we should hit the wave 'iii' of it soon. If prices do not move hard to the upside in the next couple of days, it is a warning that the map is wrong. Here is that Nasdaq coil posted yesterday. Note that does not show the afternoon prices. If it is the bearish continuation pattern, it will go down from the start today as it can be read now as a nice a-b-c-d-e triangle. If it breaks to the up side -- but it.