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S&P 500
5,470.66
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US TECH 100
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-0.07%
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techcharter

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techcharter

Re: None

Wednesday, 03/01/2006 6:58:21 PM

Wednesday, March 01, 2006 6:58:21 PM

Post# of 51804
Naz 100 Looking Sick

The sell off from Jan '05 to Feb '05 lows looks like a textbook triangle. Post triangle rallies often are sharp thrusts as much as the width of the triangle. The NDX post triangle rally looks like an ending diagonal (ED) that is truncating. Tomorrow should have an initial lower bias, rally above today's highs, and then plunge lower to kick off the E-wave bear market.

The SPX and DJIA made 52 week highs in Feb '05, but the NDX did not. This is a bearish divergence. This is a topping process, and signalling another US led invasion sooner rather than later.


http://charts.barchart.com/chart.asp?sym=$IUXX&data=Z60&date=030106&den=HIGH&divd=Y&...
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