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Friday, December 17, 2010


Waiting for confirmation of this count in some way and it may not come today if we stay within support and resistance as defined. There is room for volatility in today's OPEX session. For instance there could be a nasty spike down in a wave (ii) and then a hard reversal up in a wave (iii). But that is assuming this count is correct.

For now we have to assume [iv] was corrective, as there is no impulsing yet to the downside. Of course there are no guarantees. Sentiment measures are quite extreme in many ways. Good luck.

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