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techcharter

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techcharter

Re: None

Monday, 04/27/2009 10:40:16 PM

Monday, April 27, 2009 10:40:16 PM

Post# of 51804
OIL E-Wave

My last count was a zigzag. I incorrectly interpreted its wave b as a triangle. My new wave count for oil since December '08 lows is WxYxZ (in second x or Z) or a triangle (wave d or e). Target is around $56.

This is synchronizing nicely with the equity markets, long term bonds, and the VIX. It's looking like a major turning point of global proportion is in the works within the nexty 2 weeks.

http://stockcharts.com/h-sc/ui?s=$WTIC&p=D&yr=0&mn=5&dy=0&id=p01693311670
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