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Friday, September 23, 2011

Elliott Wave Update ~ 23 September

Nothing much has changed since yesterday except Gold has seemed to confirm its top. We got the dead cat bounce today in the indexes.

Still on the lookout for a choppy downward move for wave [v].  A new low is required under 1101 SPX and we still await.
Of course we can label the waves down a slightly different way.
TLT got its pullback. Curious if its in a wave four pullback.
DAILY TLT. All the indicators suggest wave 5 in progress, not 3.
Gold back inside and under the pivot.
People have asked me how to resolve the NDX. I am not sure, but one possibility lies below. In this way would the NDX and indexes "align" further down the road and not now.

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