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S&P 500
5,577.05
(
0.08%
)
US TECH 100
19,893.60
(
0.00%
)
Dow Jones
39,286.97
(
-0.15%
)
Brent Oil
84.56
(
-1.01%
)
Bitcoin
57,874.28
(
2.06%
)
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techcharter

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techcharter

Re: airedale88 post# 7583

Saturday, 02/05/2005 9:08:17 AM

Saturday, February 05, 2005 9:08:17 AM

Post# of 51809
Markets are hanging in the balance.

For the SPX the Ewave count could be Wave 1 down and wave 2 expanding flat (bearish). Or it could be a wave 4 zigzag down and wave 5 UP (bullish). The wave 5 UP may be finished, in which case it truncated at two degrees of trend, a very bearish sign.

Either way, a pullback early next week is in order. Later next week will indicate the larger direction of the market.
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