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Tuesday, December 15, 2009

E-minis (Update 1:24pm)

And yet one more variation on the theme of zigzags and a wedge move.

A variation on the internal structure. Play around with it, but it looks like "threes" zigzags up which indicates a "pushing" on prices in an ED move perhaps.

Breaking down the wave [iii] of the NASDAQ looks wedgy.

The NASDAQ may be sporting an Ending Diagonal C wave. Thats a clue for the whole market.
Some backtesting going on.

This is a less aggressive version in that we have an extending 5th wave. Once it finds its peak...
A continuation of the count I presented last night. The NASDAQ made a new high.

Holding horizontal support for now.
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