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Probably more correct to show the daily DJI chart in long term count and the
10/70 oscillator (versus normal and 5/35 oscillator which had clearly lost
control) which also appears to be losing control. Next step would be to
start a count down from that wave 3 top and flip to the 5/17 oscillator, not
a good sign for the dow.
don ewers
----- Original Message -----
From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, August 30, 2001 8:39 AM
Subject: Re: [RT] Markets
> Earl,
> I am able to put up the same line, but it was violated rather signicantly
in
> March -April (see first gif attached). Does that invalidate the trendline
to
> any degree (meaning a break now not necesarily all that important)?
>
> The only concern with the second gif is parobolics never see a wave 5,
just
> "the big 3", which I hope is not the case here? Note the wave 4 oscillator
> is nearing zero but a few more months minimum needed and could be quite a
> bit more if it decides to go below zero?
> don ewers
>
> ----- Original Message -----
> From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> To: "Realtraders" <realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, August 30, 2001 8:09 AM
> Subject: [RT] Markets
>
>
> > Update of chart I posted a week ago noting threat to the 94-98
trendline.
> >
> >
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> >
> >
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> >
>
>
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Attachment:
Description: "DJIday083001TrendlineLTC.gif"
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