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Post# of 51808
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techcharter

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techcharter

Re: andiron post# 41378

Thursday, 09/24/2009 10:16:11 PM

Thursday, September 24, 2009 10:16:11 PM

Post# of 51808
Oil E-wave update.

I have two equal e-wave counts for oil.

Preferred: Bear market rally over (Wave B, double zigzag)
Wave a - Feb '09 low to Jun '09 highs
Wave b - Jun '09 highs to July '09 low
wave c - July '09 low to Sept '09 high, truncated

Wave C Dowm started.

Alternate: Bear market rally continues (Wave B, double zigzag) $75 is retested.
Wave a - Feb '09 low to Jun '09 highs
Wave b - Jun '09 highs to July '09 low
Wave c - wave b may be over, wave c to begin any moment and last 4 to 6 weeks.

http://stockcharts.com/h-sc/ui?s=$WTIC&p=D&yr=1&mn=0&dy=0&id=p77311258342
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