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Monday, June 3, 2013

Elliott Wave Update ~ 3 June 2013

The primary count is a series of 1's and 2's down.  Technically today's rise could be a backtest of broken support.
Despite the 138 point DJIA rise, up issues ratio on the NYSE was negative at only 45%.  It seems yet another bear shakeout before a bigger "third of a third" down. 

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