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Rajesh,
Great call!
Fred Bender
Rajesh wrote:
> Before the Bell:
>
> Mentorspeak Extracts "
>
> The trendline drawn through 7878 and 8328 is holding. However, the
> pattern that is forming does not look impulsive. It is possible
> that the market is doing a 1-2, 1-2, 1-2, i.e. making the first and
> second waves of lesser and lesser degrees. This normally leads to
> a blow-off. You have to have supreme confidence in your count to
> go through this period. The market cannot put off indefinitely the
> explosive movement that MUST take place in an extended wave. The
> above mentioned trendline is also steep and too close for comfort.
> My opinion is that the market must take off decisively today or
> latest by tomorrow. It must pierce the all time high of 9367 without
> any resistence whatsoever - as though the high was of no importance
> at all.
>
> Keep a close watch."
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