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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: rcksinc who wrote (6564)5/14/2008 7:52:27 PM
From: Moominoid  Read Replies (1) of 41420
 
It's looking like an ABC correction is in progress from the early May high- my models are forecasting down Friday or Monday which will be wave C. This correction will come after a five wave LD from the March 17th low. I don't expect a major turn to the downside as my models suggest the market will remain relatively overbought and stuff like the McClellan Summation or looking at monthly charts seems to agree. Here in Aus we haven't even started this supposed correction....
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