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techcharter

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techcharter

Re: None

Sunday, 06/20/2004 10:22:01 AM

Sunday, June 20, 2004 10:22:01 AM

Post# of 51804
LEH and MER leading the way down.

LEH and MER show a convincing start to the bearish multiweek wave 3 down. LEH broke below multiweek wave 2C last week. The best bullish count would be a double zigzag.

http://stockcharts.com/def/servlet/SC.web?c=leh,uu[w,a]dacayyay[dc][pb50!d20,2!f][vc60][iLp14,3,3!La...

Judging by the charts of these 2 giant financial institutions, things could get crashtacular this summer.

Going short at this point is just like going long in October '98. All you would need is a list of stocks and a dartboard. A monkey's advice would produce favorable results.
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