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Strategies & Market Trends : Classic TA Workplace

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To: skinowski who wrote (138685)	11/20/2006 10:02:49 PM
From: Henry J Costanzo	Read Replies (1) of 209892

SPX count...Here's the updated daily chart I indicated I would post... Looks like QUITE an extended 5th wave...but it's the result of counting wiggles as we've moved along..following the rules re overlapping, alternation, length of waves, etc....so I THINK it's kosher. One interesting note...seems to tally well with EW ratio analysis also..... in that wave 1-3 travelled about 84 points, and wave 5 as I have it would travel about 164 points...almost exactly a 2FibRatio.... And btw...speaking of bias, hope you have noticed that I have not been pushing that "hyperbullish" scenario I posted not long ago...even though it also looks kosher...LOL

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