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Daily Digger - Wednesday April 20, '05


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If one looks at the hui, there was a 5 wave advance from nov 00 -dec 03, since then the action looks corrective. the may-june 05 pd is 50 % in time of that advance. a low in that period would mark a great buying opportunity.

on the other hand if the action since the 5 wave advance was a triangle, then this last low could be the buying opportunity. as bv pointed out above on the hourly chart it looks like 5 waves up, which means at the least we will get another 5 waves up. so, my strategy is buy some @the 3 wave pullback which will occur and buy the balance if there is a may-june low. opinions or ideas most welcome. dharma

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