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Strategies & Market Trends : gem-x's incredibly accurate Elliott Wave forecasts.

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To: robert duke who wrote (1347)	11/21/2001 5:07:38 PM
From: gem-x	Read Replies (1) of 2290

Looks like Wave 2 of Wave 3's Wave 1 is completed.. Tested and held .500/.618 retrace (1867/1849) on low volume and volatility, and the candlesticks look bullish... If the Thanksgiving Friday rally holds true, than a strong rally would create a morning star reversal on the COMP, to possibly 2172-2180. QLGC has a bullish piercing line reversal formation, went long at 43 today. It's also completed an A-B-C zigzag (if the rally to 49.15 was wave 5) or a double sideways zigzag.

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