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

To: Henry J Costanzo who wrote (170287)	8/5/2008 1:18:07 PM
From: The Freep	Respond to of 209892

I'm also not sure where we are in the wiggles -- market coulda broken down today and didn't; nice rally but not utterly faboo volume and now most everything is just marking time. A lot of charts would look good for more up if they close strong today... and will look weak if we sell-off post Fed. And honestly, what is anyone expecting the Fed to do here??? So I dunno. My take is that if we move up, it's not part of an impulse up but more likely choppy correction (or a C of a correction). But... well... I don't have a lot of conviction either way very short term, but mid-term I'm still thinking new lows, though don't know how/what to position in! Good thing I've been busy :-)