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techcharter

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techcharter

Re: None

Thursday, 11/30/2006 7:02:35 PM

Thursday, November 30, 2006 7:02:35 PM

Post# of 51808
INDU Bounce Retraces 66%

The rally from this week's low has retraced a fibonacci 2/3 ratio of the selloff from last weeks highs. The bounce looks like a double zigzag wave.

Downside targets are:

11796.096 based on Wave 3 = 1.618 Wave 1
11686.08 based on Wave 3 = 2 Wave 1
11508.096 based on Wave 3 = 2.618 Wave 1
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