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S&P 500
5,473.17
(
-0.25%
)
US TECH 100
19,283.60
(
-0.64%
)
Dow Jones
39,134.76
(
0.77%
)
Brent Oil
84.87
(
-0.16%
)
Bitcoin
64,667.21
(
-0.24%
)
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techcharter

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techcharter

Re: None

Saturday, 07/10/2004 10:18:16 AM

Saturday, July 10, 2004 10:18:16 AM

Post# of 51804
LMT update:

LMT has two strong wave counts:

Case 1) LMT retraced 50% early in its consolidation. The stochastics presently show overbought conditions. The price could very well test $55.00 again before starting multimonth wave 3.

Case 2) LMT could retrace to the $59 area. This would be a 61.8% retracement, and make wave 2A = 2C. Stochastics can remain overbough for some time before the real sell signal is made.

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