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Technicals

Posted By Mike On Oct 10, 2008 @ 9:49 am In crash, technicals | No Comments

Looks like we rallied in 3 waves and may be falling in 5 again. [1] Elliott says that’s not good:
[2]

Source: Bigcharts.com

Be advised that I have no idea what I’m talking about. I’m not a technician, and I’m not trading these moves.

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[1] Elliott says: http://en.wikipedia.org/wiki/Elliott_wave_principle
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