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<DIV><FONT color=#000000 size=2>There are some Double tops rising wedges
resistance trendlines out there in Europe etc that could be of interest, but the
gif is probably also around 50Kb so I will save download time and only pointing
out that there they are. The outside reversals, probably gave an indication of
the situation.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>So what about the DOW??</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>This daily chart you see in the DOWdaily.gif is
similar to the Russel weekly and just as interesting.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>The first thing we notice is the big trading
chanel with the breakdown end of september - followed by a test of the chanel.
We then headed lower in the "period of Crashes" (end Oct) the total
breakdown that"should" have taken place was miraculously saved and we
headed higher (this was earlier mentioned in a post where I pointed out a
similar behaviour in Bonds and $/DM at EXACTLY the same time and from equaly
important chartpatterns - I still wonder what happend - and it seems like nobody
else have noticed or at least commented on it. Could it be that we can't have
declines in October anymore? Are they too dangerous?)</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Well, back to the Dow, we climed back into the
trendchanel and have now hit the ceiling at the same time we test from below the
breakdown from a steep rising Wedge.(Double Wammy) Please note the double lower
trendlines in the Wedge. Also note how we got a "warning-break" 20-21
dec.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>We have now tested the Wedge from below twice
and are heading lower.</FONT></DIV>
<DIV><FONT color=#000000 size=2>TRHEE shooting star couldn't be wrong (- but if
they are, we will have a Meltup for sure.)</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>And let's end off with the objective of the down
move - The wedge points to 10.000 in year 2000!</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Why down?</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Let's see in the next Post</FONT></DIV>
<DIV><FONT color=#000000 size=2>Stig</FONT></DIV></BODY></HTML>
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