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1462ish


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#1 eminimee

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Posted 13 February 2007 - 05:01 PM

If the low this week was the bottom of a "b" wave of a three wave 5th...target on the last leg would be approx. 1262ish. Matches up with top fork on the weekly near 1462/64 this week and next. Double top is always possible. Downside risk is high imvho.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=8&dy=21&i=p39300587637&a=91722385&r=8881.png

http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=3&mn=3&dy=0&i=p41860121417&a=81489240&r=9471.png

#2 nimblebear

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Posted 13 February 2007 - 05:05 PM

If the low this week was the bottom of a "b" wave of a three wave 5th...target on the last leg would be approx. 1262ish. Matches up with top fork on the weekly near 1462/64 this week and next. Double top is always possible. Downside risk is high imvho.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=8&dy=21&i=p39300587637&a=91722385&r=8881.png

http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=3&mn=3&dy=0&i=p41860121417&a=81489240&r=9471.png


Wow. That 1262 seems like a stretch. In fact the market seems to be still climbing a wall of worry, and looks stronger every day. There must be a ton of money out there. Looking for a home.

Even CRB is up fairly strong.
OTIS.

#3 eminimee

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Posted 13 February 2007 - 05:24 PM

You realize I meant 1462 right? Duplicating the charts in replies isn't really necessary....lots of scrolling is a pain. ggg

#4 hiker

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Posted 13 February 2007 - 05:27 PM

good work! thank you.