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Corrections Corporation of America Message Board

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  • toptalk99 toptalk99 May 21, 2002 1:26 PM Flag

    look out below!!!!

    Staff - re: your post # 19372
    OK, OK, I believe you. Your target of $16.30 has been breeched. Enough already.
    When do we start the "vigorous attack"?
    I still think 20k volume is low - but it seems to work for you!
    Submitted with tongue-in-cheek, but you are correct so far!

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    • O.K. so I got a little sloppy. The rules of Elliot Wave Theory would require the low of April 29 to be violated so my $16.30 was a guestimate based on an incorrect reading of the chart. The low of 4/29 was $16.20 so we hit beat that by 20 cents. We shouldn't go much lower before the "vigorous attack" begins, maybe early tomorrow. It should be a doosie of a rally but not to be traded if you are not already "long" because it will be hard to catch the low and high of this wave (wave 5 of wave 3 from the low of March 23). Fifth waves are hard to trade unless you are on the trading floor.

 
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