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S&P 500
5,431.60
(
-0.04%
)
US TECH 100
19,203.20
(
0.19%
)
Dow Jones
38,589.16
(
-0.15%
)
Brent Oil
82.46
(
0.41%
)
Bitcoin
66,231.68
(
-0.61%
)
Post# of 51799
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techcharter

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techcharter

Re: None

Wednesday, 08/11/2004 3:53:07 PM

Wednesday, August 11, 2004 3:53:07 PM

Post# of 51799
It's still a corrective move ,


From August 7th, the DOW looks like it is in a complex corrective move. Today's lows did not break the lows of August 7th, But the upper trend channel was broken. The price is near the 33% area. 38% is ideal, so there may be another little 20 pt push.

http://charts.barchart.com/chart.asp?sym=$INDU&data=Z30&date=081104&den=HIGH&evnt=of....

NASDAQ composite could be an expanding flat with waves 3c, 4c and 5c to be completed. A more bearish count would be wave 2 of 3 of 3 and a big drop tomorrow.

http://charts.barchart.com/chart.asp?sym=$nasx&data=Z30&date=081104&den=HIGH&evnt=of....

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