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techcharter

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techcharter

Re: None

Monday, 08/04/2008 10:29:31 PM

Monday, August 04, 2008 10:29:31 PM

Post# of 51819
Australian market break support

The AORD broke below the the level the day the Freddy-Fannie bailout was announced. This may be a false break as Wave 2 of 3 flat could be forming. A flat is a more bullish count as a 5 to 8 day rally would follow. The bearish count is the start of Wave 3 of 3, which would include some open chart gaps to the downside before a multimonth consolidation begins.


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


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