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S&P 500
5,572.85
(
0.10%
)
US TECH 100
19,969.60
(
0.38%
)
Dow Jones
39,344.79
(
-0.08%
)
Brent Oil
84.91
(
-0.59%
)
Bitcoin
57,585.21
(
1.55%
)
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techcharter

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techcharter

Re: Rebelman post# 17116

Monday, 01/23/2006 8:19:29 PM

Monday, January 23, 2006 8:19:29 PM

Post# of 51809
Rebelman: Today Was Corrective

The bounce of the early morning lows was a zigzag. The NAZ has not made the 38% retracement. This makes the likelihood of a move higher at tomorrow's opening.

The market's could see a deep VEE as a wave 5 completes the first selloff from the Jan '06 highs.

Today was a narrow trading range that doesn't give me the impression the selloff from Jan '06 highs were a zigzag of an ending diagonal.
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