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Thursday, October 13, 2011

Elliott Wave Update ~ 13 October 2011

Not much to add today.  We'll assume wave [b] of Minor 2 has begun.  It can take the form of a triangle, flat, zigzag or a combination.

The expected - and normal for a [b] wave - price pullback is usually at least 38% of the rise from the low. That would be about 1164 SPX.
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