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To: bcrafty who wrote (77846)7/24/2003 12:08:03 AM
From: jjstingray  Respond to of 209892
 
Not sure. I have been studying them tonight trying to figure just that out. Out of the March low I can count a nice clean 5 waves up. So my 4th wave charts could be wrong. Then I can see us currently in an A-B-C correction. SOHU down to $33ish, and SINA down to $22ish. The $22 is also the .382% retrace level of the rise up from March.

If it is doing a nice big ABC, then I would consider buying the $22 area for another move up. I really do not care about the fundamentals as that would be a nice Elliott read.