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#1 chem

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Posted 22 February 2017 - 02:20 PM

Suggests either a decent pullback or something bigger in store

 

 

http://stockcharts.c...m=1&a=300533171

 


Edited by chem, 22 February 2017 - 02:23 PM.


#2 fib_1618

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Posted 22 February 2017 - 02:49 PM

Unless it's extending. :)

 

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#3 da_cheif

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Posted 22 February 2017 - 04:53 PM

unless its entering a 3rd wave.....which it is



#4 bln

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Posted 23 February 2017 - 04:47 AM

It's 1-2 1-2 extended wave sequence in 2016. The start is 1800 and the mid point is 2250, that gives me a rough target at 2700 for the SPX. In that area I would start looking for market to build a top. But it can of course continue even higher as individual sub waves may extend. :)



#5 chem

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Posted 23 February 2017 - 12:05 PM

The problem being, the third wave whether starting in '10 or '11 is an extension with a series of 1,2's and only one wave of a five wave sequence may be extended by rule.