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Here is an expanded and refined view of the WinMidas Top Finder. The idea is
to anchor point S at a "launch" point where price takes off from one of the
Support S levels. Then point C is adjusted left and right until the Top
Finder redline touches the price line in one or more places without price
penetrating the TF. Elliot wave cycles provide selection points for anchoring
the S launch point as they are points where psychology changes, and between
which accumulation and distribution occurs. Over to the left in the Top
Finder box, the ten days are calendar days not trading days and are added on
to the last day of data in the chart. So with the refinement, ten trading
days from 7/14 puts the target at 7/24 and the DOW at 9344. This is a little
below the chart posted yesterday. The ideas behind this concept are layed out
at http://www.winmidas.com in 18 articles. Following this post is an
alternative count that puts the top 7 days out or 7/21.
BobR
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