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S&P 500
5,578.22
(
0.10%
)
US TECH 100
19,904.40
(
0.05%
)
Dow Jones
39,287.17
(
-0.15%
)
Brent Oil
84.55
(
-1.01%
)
Bitcoin
57,901.38
(
2.11%
)
Post# of 51809
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techcharter

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techcharter

Re: None

Thursday, 03/17/2005 7:08:56 PM

Thursday, March 17, 2005 7:08:56 PM

Post# of 51809
Critical elliott wave day

SP500 has shown the most resistance to the pullback. The wave count can still be wave d of 5. I'm still anticipating a rally lasting at least a week. The German DAX is the similar.

Since the DOW Industrials broke below the Dec 22 lows I was counting as wave b of 5, I now have to come up with a different wave count. That's going to take some time.

The NASDAQ continues to deteriorate. The wave count is not clear either way.

The FTSE may be finishing a wave 4 triangle.

The charts show too many contradictions for any clear global picture.

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