The drop to a double bottom low Wednesday has opened the door to a potential developing five waves down pattern. The bounce off the low should then stall near 1523 for wave "4" then drop into the 1470s to complete five waves down. If that does in fact happen the 1576 high is “THE HIGH” for the advance from 2002. Therefore be alert, be aware and cautious for this pattern.Wednesday, October 24, 2007
Thursday, 10-25-2007
The drop to a double bottom low Wednesday has opened the door to a potential developing five waves down pattern. The bounce off the low should then stall near 1523 for wave "4" then drop into the 1470s to complete five waves down. If that does in fact happen the 1576 high is “THE HIGH” for the advance from 2002. Therefore be alert, be aware and cautious for this pattern.
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