June 08 2007 mclarenreport.net.au
http://www.mclarenreport.net.au/arti...tau/Page1.html
I have been saying this rally would be the last leg up to this trend and would be the fastest of the entire bull campaign as it would exhaust into a high. The previous high exhausted and distributed below the high for six months before trending down. I wouldn’t expect a repeat of a bear campaign of that magnitude now that style of distribution.
The index should go to the price of the February highs and bounce creating a secondary high or lower high then run down to break the March 2003 high for a low.
If this decline can find a solid low above a decline of 700 points and less than 13 trading days,
then it could hold its trend. But I doubt that could occur.
So I am looking for a lower high as the distribution pattern.
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Elliott-Analyse hier ("Minimalkursziele" für die Rally seit 2003 wurden bereits erreicht, jedoch noch nicht die erwartbaren Normalkursziele):
http://www.traderboersenboard.de/sho...531#post294531