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extelecom

05/29/04 9:07 AM

#251219 RE: JimQuinceH #251218

Jim, What does your "(in addition to 6/17) " mean? Did I miss a post where you said we could have a turn on this date as well?
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mjk

05/29/04 2:58 PM

#251244 RE: JimQuinceH #251218

Jim, you've got nothing between July 28th and Oct 13th?

I've got something similar to what you're saying, I was just thinking these two would both be lows, with a peak between. I'm thinking a short pullback right here holding 1940-50, rise until the middle of June but not really taking out the downtrend line off the highs (about 2020 now), fall into July with a possible retest of the May lows (Nas should make a higher low, but the Dow could get a lower low), then a strong move up into Aug-Sept making a higher high than the June high, then a final fall into Sept-Oct (another higher low), then rocket into Jan-Feb '05, taking out this years Jan highs.

Also, as I understand it, you see some importance in the 55th day from the momentum low, but it can be either a high or a low? Is there anything you use to try to determine that?

TIA