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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (86823)12/4/2003 12:20:44 AM
From: Perspective  Read Replies (1) of 209892
 
A turn here would make the following true:

We would have turned within 1% of the 38% retracement of the entire bear for COMPX (2001 vs. 1986).
We would have turned within a *single point* of the 50% retracement of the entire bear for SOX (535 vs. 534).
We would have turned within 2% of the 50% retracement of the entire bear for SPX (1074 vs. 1093).

I understand that we are also in certain Fibonacci time windows, and my personal belief is that this 48 month cycle, now in month 15, is likely to turn soon (based on countertrend cycles running only 12-16 months).

Interesting to say the least.

BC
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