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I received a few e-mails re: my last post referring to the "possibility" of
the DJII moving up 1,000 points after a break above 8,000........
There are two types of traders...."those that don't know" and "those that
don't know that they don't know"...with that said....here's what I'm looking
at:
>From an elliott perspective....the only requirement for this upleg is a DJII
print of 8300.....after that...this wave will have met its' minimum
requirements........(Maybe some of you GET users can .gif us a chart)
Yes, there are other oscillators indicating a 1-2% pull at back at any time,
but....remember...we corrected for almost 6 months....I would be very
suprised
if we topped out after only a 1 month rally....but again...
Making money trading has a lot less to do with being
correct and more to do with managing the trade.................so if you're
long....don't worry so much about when to get out....put a stop in and let
the market take you out when it heads back down...I guess you turtle traders
will use a stop below the 10 day low........
Tom Stein comfut@xxxxxxx
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