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Friday, July 13, 2012

Elliott Wave Update ~ 13 July 2012

Minuette (ii) is the primary count. The altnerate  is a Minor 2 double zigzag which will carry prices higher than 1374 SPX.
Although a vigorous rally developed today, prices are only just coming up to major resistance again.
NYAD count. New NYAD cumulative high is the projection. Whether or not that results in a new Minor 2 high or something else we'll just have to see.

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