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Post# of 704044
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ajtj99

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Re: pstuartb post# 121060

Wednesday, 06/18/2003 6:33:47 PM

Wednesday, June 18, 2003 6:33:47 PM

Post# of 704044
Well, wave 3's channel, and that's what you illustrated on that chart quite well. The BTK could be in the C of 4 down off the 514 high. 50% of the A down would be 458, which is the area of the 20-EMA on your chart:

http://stockcharts.com/def/servlet/SC.web?c=$BTK,uu[h,a]ddclyyay[dc][pc9!c13!c20!f][vc60][iut!Ub14!L...

If that's the case, the BTK might make a double top at 512 on the next leg up, or a fib above that. 458 is also an important level for the BTK, so that's another reason for it to be support on this leg down.

http://www.investorshub.com/boards/board.asp?board_id=1613
AJTJ's Market Pulse
Do your own DD. Void where prohibited. Observed side effects include darkening of the stool, spontaneous amputation, and death. Rosebud.

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