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Post# of 51804
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techcharter

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techcharter

Re: lexus300 post# 15530

Sunday, 11/06/2005 9:48:20 PM

Sunday, November 06, 2005 9:48:20 PM

Post# of 51804
Turn Date

I think the elliott-wave count is wave e of triangle that
started in August '04. I've been using ratio analysis to get a time and price projections, not fibonacci ratio, in the Nasdaq Composite. Late November/ early December is the time for a top around 2275. This fits in well with Lexus300's reported turn dates. I believe the first part of a double zizag of the october '05 lows just finished and consolidation will follow.

It will be very interesting to see if the DJIA, Nasdaq composite and SP500 confirm the Nasdaq 100 new 52 week high made this week. Robert McHugh pointed out only 1/3 of the Dow components faired well during the "Hindenburg Omen" timeframe.
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