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Strategies & Market Trends : Galapagos Islands
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To: ajtj99 who wrote (13379)11/17/2002 8:41:48 PM
From: Jorj X Mckie  Read Replies (1) of 57110
 
I have two lines going through 1800, one drawn off of March00 high/Sept00 high and the other off of the April01 high/Jan02 high. Which one do you consider more valid?

I think that a more valid trendline may be the Sept00/Jan02 line (added in dashed red).
stockcharts.com[r,a]dhclynay[d19991101,20021117][pb50!b200][iub14][j8272900,y]&listNum=1

I have those two points as "2" and "4" corrective waves in the 5 wave cycle. It would make sense to me that they would be the most valid points on the chart to draw the downtrend lines from. But that trendline is very clearly violated to the upside.
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