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S&P 500
5,482.87
(
0.09%
)
US TECH 100
19,304.80
(
0.47%
)
Dow Jones
39,164.06
(
0.09%
)
Brent Oil
85.64
(
0.26%
)
Bitcoin
61,773.39
(
0.26%
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techcharter

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techcharter

Re: None

Monday, 02/15/2010 6:51:10 PM

Monday, February 15, 2010 6:51:10 PM

Post# of 51804
Consolidation Nearly Over

Since the lows at the end of January '10, there has been a lot of choppy trading. The best e-wave count for the US markets is wave c of 2 flat that's about to complete.

The European markets are probably in a smaller degree zigzag wave 2 since February '10 lows.

Despite all the "good news" about fixing Greece's problem, the markets don't appear to be strongly synchronized with the news. In a bear market, a bailout would likely happen in a wave 2 rally of false hopes. We know better.
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