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S&P 500
5,464.62
(
-0.16%
)
US TECH 100
19,220.00
(
-0.20%
)
Dow Jones
39,150.33
(
0.04%
)
Brent Oil
84.39
(
0.00%
)
Bitcoin
64,387.09
(
0.22%
)
Post# of 51804
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techcharter

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techcharter

Re: techcharter post# 45700

Monday, 07/18/2011 8:25:21 AM

Monday, July 18, 2011 8:25:21 AM

Post# of 51804
Drop and Pop Day

The wave b triangle I'm counting is in the process of finishing. The price is near the convergence of the upper and lower edges of the triangle. So while the SPX futures are down 8 points, a 30+ point rally is very possible today into tomorrow. Wait for the upper edge to be broken to the upside before buying.
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