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Non-Tech : The Woodshed

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To: nspolar who wrote (6290)5/8/2004 7:02:15 AM
From: crustyoldprospector  Read Replies (1) of 60910
 
Hmmm, fibo indicates to me that a visit to the vicinity of HUI = 147 is a high-probability event now, but I am working on the premise that this is the 2 down in the big bull. The 38% retrace would be 173, and unless HUI gets back up there on Monday and stays (doubtful looking at trend indicators), then a visit to the 50% retrace in the 147 area is in the cards. Maybe not next week, but sometime before fall.

Not unreasonable to think that 120 (62% retrace) could happen, but I'll likely jump in big as HUI approaches the 150 area.

IMHO, FWIW,

crusty
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