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Monday, February 7, 2005
Oil Price Prediction With The Elliott Wave Theory - #2
The current price pattern aligns well with the prediction of 10-22-04. The price appears to have completed an A-B-C down to $40/bbl and is rebounding into the next 1-2-3-4-5 wave count. The next leg is predicted to be well beyond the $56 peak.
The prior prediction:
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