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Strategies & Market Trends : Technical Analysis With Charts

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From: MACD X	9/16/2008 8:27:22 PM
	of 6865

elliott wave count looks complete stockcharts.com The chart above shows a count that looks complete, and although elliott wave is not a difinite science it does appear that after the fact an elliott count is always possible, Realize also that if 10 elliott wavers are locked into a room, there will be 11 or 12 differnt counts being that all we have thier own and some will likely have two, so take elliott wave anyway you wish. But if you add too it other tools like symetry, congestion centers, orpahn candlsticks and the like, when they all like up the elliott count becomes more believable. The chart pattern is symetrical and the indicators are diverged, it appears to me that a tradable bottom may be in and at minimum a counter trend rally may be getting ready to unfold. As always any thoughts or opinions are welcome.

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