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

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From: gemx	4/19/2006 9:28:14 AM
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NASDAQ Wave update: NASDAQ may gap into 2359 (.786) or higher this morning... but the question is, will it sustain..if NASDAQ is at the highs by 10AM there's a chance, but it already had a pretty large move...yesterday...my preference is 2375, and at least 2 days in a row above 2375....my pickiness is because of the dreaded real or fictional "MORTIMER" that knows where .786 is and has a thing for "rampant destruction" at that level...I think it's mostly because of tax selling, and that trend is over....GOOG has given back about 4-5 pts of yesterday's after hours move (as high as 417, right now about 412 pre-market), and the question is if YHOO will sustain it's gains...6% is pretty large, but after the the fade happy month we had, I'm going to be watching it...as an indicator..

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