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mss

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Posts: 293
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[quote name='mss' date='Dec 13 2008, 03:41 PM' post='421212']

There are signs that a "base" of some sort is forming. The question at the present is it a "running top" base or a "running bottom" base.
Only time will tell for sure, but IMO it is looking more like a bottom build for a IT run up.
It will have wild swings, "dead cat bounces" but I think the bias will be upward. You might get your 1000PT on the DOW. I'm thinking we get to 1005, test back 920-930 breakout, then we might get "T's" 1050ish. Then the 695 lower leg.
mss

Below are 6 charts that helped lead me to that statement. They will not update and will be removed by 12/20/08, sorry.
Several suggest that internal strength has increased, however money flow, as measured by BOP, indicate it is short lived. Other threads on this board give more and somewhat different analysis.

I will add another live chart to the "SPX - 5 CHARTS TO WATCH" thread on SWING WAVES BOARD.

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mss

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Reply with quote  #2 
Chart has been added to bottom of thread at Swing Waves as promised and it updates. Sorry for the delay, too busy buying silver.

mss

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