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Monday, August 29, 2011

Elliott Wave Update ~ 29 August 2011 [Update 8:40PM]

[Update 8:40PM: Here is the squiggle count for Minute [iv]. Call it a zigzag or upward 3-3-5 flat. They both imply the same.
Minute [iv] triangle is out of the top count. Market internals today were very robust. The best Minute [iv] count at this moment is a strong upward flat that may squeeze the markets back toward the base channel.

Here is Minute [iv] in terms of base, acceleration, and deceleration channeling technique. The proposed count would be a Minute [iv] upward flat.

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