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Monday, March 29, 2004 3:07:01 AM
I'd suggest $2.17 (EMA200) is the next top ??? News ??? as its 1 cent above the previous top - to confirm the continued rally - that would make the interval $1.60 to $2.17 ... then retrace 50% to $1.88 which will be the EMA100 ... then bounce to SMA200 and through to $2.60 odd.
That would give this cycle a five leg up to the top of the range ... then allows for three leg retrace to wherever - depending on news.
All hypothetical of course - just playing with numbers ... lets see.
Regards
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