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techcharter

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techcharter

Re: None

Thursday, 09/11/2008 9:43:52 PM

Thursday, September 11, 2008 9:43:52 PM

Post# of 51804
SPX INDU NDX Wave Count

All wave counts start from Last Tuesday's high.

SPX Large 1-2 and then Medium 1-2. If the wave count is correct, then tomorrow should start Medium 3.

INDU. It looks like a bunch of zigzags forming a corrective triangle to the downside. Wave d of the triangle. If wave e drops more than 450 points, then it is not a triangle.

NDX Large 1-2. Large 2 started this monday. The correction looks like a nearly completed flat, and would look better if it retraced more.

All indicies are calling for a turn lower sooner rather than later.
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