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techcharter

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techcharter

Re: uncle_chubbie post# 20346

Friday, 04/28/2006 8:21:24 PM

Friday, April 28, 2006 8:21:24 PM

Post# of 51804
IPT Ewaves

There are several E-wave counts possible.

The best is a corrective triangle that just ended. Target price is above $1.60.
The next best is wave 5 of this triangle has not completed. There is one more dip before the bottom. and a nice rally after. Same target of $1.60.
The better of the bearish count is Wave A from $1.63 down to $0.58. Wave B is a triangle in its 5th wave with a target above 60c.
The worst case is Wave A from $1.63 down to 58c. Wave B is a triangle that just finished. Wave C could start any moment. Target below $0.10.


http://stockcharts.com/h-sc/ui?s=IPT&p=W&yr=3&mn=0&dy=0&id=p18066952915
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