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techcharter

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Alias Born 06/03/2004

techcharter

Re: None

Monday, 07/12/2004 8:47:57 PM

Monday, July 12, 2004 8:47:57 PM

Post# of 51804
LMT and GE updates:

GE's rally blew past the 38.3% retracement levels and edged past the 50% retracement level. Elliott wave structure looks like a nearly complete zag of a zig-zag. $32.73 is the target area coresponding to a 61.8% retracement.


http://charts.barchart.com/chart.asp?sym=GE&data=Z60&date=071204&den=HIGH&evnt=off&a....


LMT's momentum is waning as it approaches the $55 level. The last two days have been upward, but a clear 5 wave pattern is difficult to detect, as would be leading up to a rounded top.

http://charts.barchart.com/chart.asp?sym=lmt&data=Z60&date=071204&den=HIGH&evnt=off&....


Maybe a day or 2 for these patterns to finish.

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