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fib_1618

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Reply with quote  #1 
Quote:
Less than 1500 data points to go to the next target, the all time highs, where some sort of pause is to be expected.

Well, we got to within 824 data points of the all time highs before our expectation of a consolidation took place.

As you can see, the short and intermediate term EMA's are doing a fairly good job in keeping the A/D data intact which has highly bullish implications once this digestion period of the previous gains terminates. From that point, we should then see an all out frontal attack on the all time highs and beyond. If, however, more time is needed and we see breadth of market move below the 5% Trend (39 day EMA), the ultimate stopping point should come in and around the old 1959 ratio adjusted highs.

I'm also including a longer term chart of the data for a historical perspective.

Stay tuned.

Fib





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fib_1618

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Reply with quote  #2 
Follow up from last week...still hanging in there.

Fib




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Dave's LinkedIn Profile

Technical Watch Twitter Page

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"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

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