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Wednesday, August 14, 2013

Elliott Wave Update ~ 14 August 2013

Again underlying market conditions show deterioration. Breadth is waning. Its just that prices have not yet responded. Its almost as if a distribution is occurring. From strong hands to weak. To the public.

Many suggest stocks are consolidating for another move to the upside. But there is also the case where stocks consolidate for a big move to the downside. Deteriorating market internals suggest the downside,

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