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Monday, July 15, 2013

Elliott Wave Update ~ 15 July 2013

Our leading diagonal count is pretty much dead. The Wilshire 5000 made new highs.  However looking at the bigger picture we have a nice symmetry in time and price aligning between waves [Y] and [W]. All we can really do at this point is paint a target circle based on waveform, time and price level.  We have entered into that circle.
Using the Wilshire 5000 reflects the same neat symmetry:
Elliott Wave International reported tonight's Daily Sentiment Reading is again at 87% bullishness. That's pretty high. Everyone is quickly on board again,
For once since the 2009 rally low, NYAD weekly cumulative is not leading the rally. In other words, this latest rally advance of the past few weeks is not seems more tired technically that previous kickoffs. And today was the lowest volume day of the year 

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