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S&P 500
5,447.87
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US TECH 100
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-1.27%
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Dow Jones
39,411.21
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Post# of 51804
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techcharter

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techcharter

Re: lexus300 post# 5306

Tuesday, 12/14/2004 6:33:43 PM

Tuesday, December 14, 2004 6:33:43 PM

Post# of 51804
Dow Rogue Wave turns into Tsunami

The wave count cleared up today. Until 2 PM a smaller wave 4 triangle unfolded. At 2 PM a smaller wave 5. 2:30ish was a larger wave 4 diagonal which is an alternate to the flat on Friday DEC 10. Then a larger wave 5 rallied to the daily high.

The Tsunami is based on the perspective that the rally from Oct '02 lows is a wave 5 that truncates the highs in year 2000. On top of that, the rally from last week's lows is a 5th wave that truncated the rally from Oct '04. This double truncation at larger wave degrees signals a very strong drop in prices should follow. Initial support is 9000ish, a 61.8% drop from today's highs to the Oct '02 lows.
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