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techcharter

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techcharter

Re: None

Wednesday, 06/08/2005 1:26:58 PM

Wednesday, June 08, 2005 1:26:58 PM

Post# of 51809
SAP500 Intraday Trinagle?

Yesterday's drop from the Noon to the close looks like a motive wave. From the opening bell today something very triangular has formed. It doesn't make sense that a triangle occurs in a wave 2 position. This creates two wave counts.

1.) The triangle is wave b of a zigzag correction.
2.) It's not technically a triangle, be a complex wave 2 correction.


http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=SP500&sid=3377
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