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S&P 500
5,469.30
(
0.00%
)
US TECH 100
19,194.40
(
0.10%
)
Dow Jones
39,112.16
(
0.00%
)
Brent Oil
84.71
(
0.62%
)
Bitcoin
61,343.58
(
-0.76%
)
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techcharter

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techcharter

Re: None

Wednesday, 05/18/2005 3:29:36 PM

Wednesday, May 18, 2005 3:29:36 PM

Post# of 51804
DOW Leaders Near Top

UTX made a new all time high today. The elliott wave structure indicates one or two more days are left in the rally. This after noon shows a wave 4 triangle, but that doesn't mean there is only one more wave 5 up. There could be higher degrees of wave 4's and 5's to complete. After that, the top of a 2+ year ending diagonal should be complete.

GE's rally above the 4 month trendline is a wave 5 it looks like a zigzag to this point. I'm looking for another little push higher to complete the wave 5.
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