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Wednesday, August 8, 2012

Elliott Wave Update ~ 8 August 2012

SPEAKING OF  BEARISH WEDGES....
US Bonds.
Which matches potential rising wedges in US equities at either Minor 2 or Primary [2] degree:

 If not a Minor 2 wedge, then primary [2] wedge:

And if a price collapse occurs in both bonds and equities?  King dollar will be the likely winner.

The dollar chart is "setup" for a potential explosive middle of a third wave up of primary or even cycle degree.


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