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Hi all --
I just finished reading Marc's big posting and started dropping the fib-extensions on everything I could get ahold of.
Wow! I never made the 1.68 connection (% of time it turns into an ABC vs. proper Wave 4/5 continuation). Thanks Marc!
Anyhow, I dropped an extension on the QQQ WEEKLY view. Low-and-behold, look where we are!
Marc / Fabrizio / All: Does this have 'any' significance? Other than suggesting we've (likely) broken out of the ABC realm? I know your post says the wave 3 can end anywhere between 1.62 and 4.25 But, just wondering if there is any significance at any # and likelyhood of a wave 4 starting on the weekly?
Personally, I see no reason for a weekly-level correction until after the presidential election in late 2004... This places us between $50 and $57 on the QQQ price wise (depending if you use log scale ore not)... And, near 4.52 (in LOG) or 2.6 in non-log.
Sorry about all the posts!
I just finished reading Marc's big posting and started dropping the fib-extensions on everything I could get ahold of.
Wow! I never made the 1.68 connection (% of time it turns into an ABC vs. proper Wave 4/5 continuation). Thanks Marc!
Anyhow, I dropped an extension on the QQQ WEEKLY view. Low-and-behold, look where we are!
Marc / Fabrizio / All: Does this have 'any' significance? Other than suggesting we've (likely) broken out of the ABC realm? I know your post says the wave 3 can end anywhere between 1.62 and 4.25 But, just wondering if there is any significance at any # and likelyhood of a wave 4 starting on the weekly?
Personally, I see no reason for a weekly-level correction until after the presidential election in late 2004... This places us between $50 and $57 on the QQQ price wise (depending if you use log scale ore not)... And, near 4.52 (in LOG) or 2.6 in non-log.
Sorry about all the posts!
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