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In a message dated 98-10-08 09:23:55 EDT, mig@xxxxxxxxxx writes:
<<
Bob,
My Elliott Wave Analysis indicates that taking out 7400 would confirm the
acceleration phase of a Wave 3 which is very bearish (see attached chart).
Using 9300 as the high, a 50 percent retracement would be the 4650 level.
Taking out 7400 would also confirm a Bearish Head and Shoulders Top ... see
chart
http://homepage.macomb.com/~mig/98/analysis/101998/1006_h&s_dji_dly.gif
Dennis
http://homepage.macomb.com/~mig/home.htm
>>
Another novel view is that of the WinMidas technique of cumulative price
volume. Attached is a view of potential support levels based on a
distribution of cumulative "speculation".
BobR
http://www.oextrader.com
Attachment Converted: "c:\eudora\attach\INDUWM.gif"
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