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To: skinowski who wrote (121559)7/7/2005 5:16:25 PM
From: skinowski  Read Replies (2) | Respond to of 209892
 
[WFMI] I think it may have broken out of an Elliott triangle which formed since June 7. If that's the case, the stock should be running out of steam pretty soon.

Time for me to join our local self-back-patters club... WFMI topped one hour later, and spent the rest of the day tracing out a wiggle impulse down. It will need to bounce, and then we'll find out whether this was an "a" of a minor correction, or a "1" of something larger.

The impulsive breakout from the above mentioned triangle may have been ALL of a putative wave 5 -- or only the first leg of a larger advance.

As ER used to say (where is he btw?), let's see if this EW stuff works... -g/ng