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Added a pitchfork to the chart and some fib expansions to see if this next
low can be zeroed in on.
As posted yesterday the upper level of the MOB target was hit yesterday on a
price basis. The fib expaansion would target a broad target range for the
wave 5 low in the 972 to 806 range.
I have re-labeled in red what I would consider are the new possible "minor
wave" counts of big wave 5 (the 5/17 oscillator verifies this), so this next
low (if not already in) by fib extensions should end between 972 (1.618
expansion) and 806 (2.618 expansion) is likely to be "minor wave 3" of big
wave 5. This should be followed by a minor wave 4 rally (Ben's ST rally?),
then minor wave 5 of big wave 5 should occur.
Lenny, IF this all unfolds, I am in need of your MOB extension pdf file as
mine was lost when OE5 caved on me in March. From my notes you emailed it to
Earl (he is on vacation) and me on March 25, 2001. Can you re-post it
please, since it may be the tool to possibly locate this wave 5 of 5 (daily)
botttom. Thanks
don ewers
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