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techcharter

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techcharter

Re: None

Monday, 02/25/2008 8:31:07 PM

Monday, February 25, 2008 8:31:07 PM

Post# of 51818
NIKKEI Finishing Correction. SSEC Leads Lower

The Nikkei's bounce off the January '08 lows looks to be a WXY correction. W and Y are double zigzags. X is a zigzag. Looking for confirmation of a new downtrend.

http://stockcharts.com/h-sc/ui?s=$nikk&p=D&yr=0&mn=6&dy=0&id=p75635173805


The Shanghai market (SSEC) closed below the January '08 lows after making a zigzag correction. It's probably in a new multi-week selling wave.

http://stockcharts.com/h-sc/ui?s=$ssec&p=D&yr=0&mn=6&dy=0&id=p75635173805
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