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S&P 500
5,745.37
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0.40%
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US TECH 100
19,572.00
(
0.72%
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Dow Jones
42,175.11
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70.55
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techcharter

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techcharter

Re: sentiment post# 4135

Wednesday, 10/13/2004 8:26:50 AM

Wednesday, October 13, 2004 8:26:50 AM

Post# of 51848
RMBS


The Ewave count for RMBS is either a wave 4 UP or a Larger degree wave 2 UP. Two counts are in play because I can't tell if the larger wave 1 started in January '04 or Feb '04. Prior 5th wave truncation is possible in Feb '04. April '04 was clearly a wave 3.

If the bounce from 9/8/04 lows is a larger wave 2, then a target price in the low $20s is the 38% level. The MACD is showing slowing downside momentum, indicative of the end of a motive wave. Bollinger bands indicates a large price move is likely. Stochastics indicate oversold and a rally is likely.


http://stockcharts.com/def/servlet/SC.web?c=RMBS,uu[w,a]dacayyay[de][pb50!d20,2][vc60][iLp14,3,3!La1...
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