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I haven't gotten yet to the part in Wyckoff's course where he describes BC/SC but I am bit confused that you include several BCs relatively close to each other. I intuitively thought that the BC is followed by a distribution and markdown, and then by accumulation and markup. In other words, it is sort of a culminating point of a cycle. In your interpretation it seems to be treated differently. Could you expound on that a bit?



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