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S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
57,258.14
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-1.79%
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techcharter

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techcharter

Re: None

Tuesday, 08/19/2008 10:27:35 PM

Tuesday, August 19, 2008 10:27:35 PM

Post# of 51808
GE in SELL Mode

Thursday's wave count was fairly accurate. The price did not reach the $30.50 target. Truncation of several degrees and ending diagonal signalled a sharp drop. The $29.50 area was breached triggering a shorting opportunity.

Today finished a wave 1, and saw wave 2 begin. So far it looks like a zigzag, but the time consolidating is too short. maybe a double zigzag or flat will emerge from the zigzag Wednesday or Thursday to make a better time balance.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=ge&time=&freq=


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