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Wednesday, September 5, 2012

Elliott Wave Update ~ 5 September

Triangles within triangles. Does the market break upwards one more time? It sure would have been an awful lot of wasted effort maintaining tight support near 1400 SPX over the last few weeks if it doesn't.

At any rate, the Wilshire5000 - the ultimate arbiter for wave counts - still maintains its triangle.
Possible squiggle count on the Wilshire5000. Suggests a possible impulse wave from "e".

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