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Strategies & Market Trends : Point and Figure Charting

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To: The Perfect Hedge who wrote (7686)	9/24/1998 2:12:00 AM
From: Dennis J.	Read Replies (1) of 34811

As of last Saturday, John Murphy was expecting a fifth Elliot wave to draw us down to about 7,000 in about two weeks. He only updates on the weekend. His timing may have to be revised based on today's big bash. He also looks for a good rally into year's end, and an even lower market in the first half of 1999. Should be plenty of excitement to go around. Heard Favors on tv the other day, and he was peering over the edge and looking down. More later, Dennis

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