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Non-Tech : Raptor's Den
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To: yard_man who wrote (7029)1/13/2003 1:48:27 PM
From: velociraptor_  Read Replies (1) of 10157
 
The key there is to watch the daily pattern. I have no doubt that is a terminal wedge. 5 waves up off the low with the 5th in process. Each leg clearly has 3 waves which makes it a C wave ending diagonal which is bearish and not a leading diagonal. Within the 5th wave, the c of 5 is in process so the break should not be long. MSFT should be testing its lows again later this year.
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