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To: BRANDYBGOOD who wrote (88807)8/11/1999 7:20:00 PM
From: StcggRead Replies (2) of 119973
 
Bear Trend Predominating..

Today was a bounce from extreme oversold conditions after Wave 5 down leg completed.. Look for Dow resistance 10818-10832 then another leg down towards support at 10409-10471 prior to next oversold bounce, on it's way to Dow 9780 by the end of August..

This wave pattern suggests more than just a correction in the market.. The PCI Index registered a Crash Alert on 08/03/99.. Link:

http://wwfn.com/commentary/pcisignals.html

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