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From www.elliottwaveanalyst.com -
Short term Outlook (13/02/2006)
The immediate outlook is that there should be a rally in which 3056 or 3136 is reached. The region around 3136 is a region where long term, medium term, intermediate term and short term fibonacci targets converge and hence a very powerful long term turning point. Unless 3150 is taken out strongly, it is a matter of days before the current multi year rally ends! But first obviously, 3056 has to be taken out.
Short term Outlook (13/02/2006)
The immediate outlook is that there should be a rally in which 3056 or 3136 is reached. The region around 3136 is a region where long term, medium term, intermediate term and short term fibonacci targets converge and hence a very powerful long term turning point. Unless 3150 is taken out strongly, it is a matter of days before the current multi year rally ends! But first obviously, 3056 has to be taken out.