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Strategies & Market Trends : MP - Market Pulse

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To: HairBall who started this subject	6/24/2001 12:55:24 PM
From: HairBall	Read Replies (2) of 1328

COMPX Charts... Comments: The WOW chart contains fib time zones projected forward from the 5/22 high with possible turn dates on July 9th a Monday (34 trading* days from the 5/22 high) and August 7th a Tuesday (55 trading* days from the 5/22 high and 89 trading* days from the 4/4 low) plus or minus one trading day. Note the falling wedge apexes at 7/9. This can be seen more clearly on the QChart 130-min chart. After further study this weekend, I decided to drop the May Falling Trading Channel scenario in favor of a falling wedge pattern. Sometimes it pays to take all the trends line off and redraw them, hopefully it will this time..<g> My WOW "End of Day" – COMPX (NASDAQ Comp) Daily Semi-log Chart marketdirectionanalysis.homestead.com My QCharts "RealTime" – COMPX (NASDAQ Comp) 130-Min Semi-log Chart marketdirectionanalysis.homestead.com How to Interpret My Charts marketdirectionanalysis.homestead.com Regards, LG * - Programmed projection sees weekday holidays as a trading day! Disclaimer: The above is my opinion only and I reserve the right to be wrong. An overall market expectation is just that and should not be used in exclusion of the evaluation of individual equities or other investment instruments. Do not base any investment decision solely on any one person's views or analysis. Do your own research and take responsibility for your investment decisions.

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