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techcharter

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techcharter

Re: None

Monday, 04/25/2011 6:57:36 PM

Monday, April 25, 2011 6:57:36 PM

Post# of 51804
WTIC Oil E-waves

Since the February 2011 lows, the price looks to be tracing out an ending diagonal. The move off last week's lows is wave 5 of the ending diagonal. I think one little pullback and a test of new highs need to occur before the bear market rally WAVE B top is in. Target time is 2 weeks.

The RSI and MACD are making lower highs despite price making higher highs, 2 bearish divergences.


http://stockcharts.com/h-sc/ui?s=$WTIC&p=D&yr=0&mn=6&dy=0&id=p11221282462
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