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S&P 500
5,460.48
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-0.41%
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US TECH 100
19,184.80
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-0.41%
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Dow Jones
39,118.86
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-0.12%
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techcharter

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techcharter

Re: None

Wednesday, 03/16/2005 9:30:00 PM

Wednesday, March 16, 2005 9:30:00 PM

Post# of 51804
SPX E-waves

The sell off from March 7 to present is looking very worrisome as it challenges the Feb 22 low. If the index falls below, it may mean there are several months of the ending diagonal left, or that a market collapse is looming. I still maintain there is wave e left to complete. The stochastics are near oversold, indicating a rally is is anout to begin.

The NASDAQ is very weak, and yet there is no clear wave count either way. Arguments for and against the next move in the NASDAQ is inconsistent with the SAP and DOW


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