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Strategies & Market Trends : Classic TA Workplace

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From: Henry J Costanzo	5/21/2006 2:16:14 PM
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SPX.........PS...........possible anatomy of an uber=bullish scenario as I just posted..... Picking up on the projected target calculations I posted starting a couple of weeks ago... This one is based on the following EW principle.......quoted from F&P: ".......ratio analysis has revealed...... relationships which occur more often than not: .............1) Wave five is related by the Fibonacci ratio to the net advance from the beginning of wave one to the top of wave three." The "Fibonacci ratio" I have selected for use in the attached chart is 1.00 (not too hot...not too cold....gg)....and it yields a target of 1,605.49.... FYI a .382 ratio yields 1,268.73. ..........618...................1,397.29.. .........1.382.................1,813.30. .........1.618.................1,940.54..

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