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Friday, August 23, 2013

Elliott Wave Update ~ 23 August 2013

The primary count is Minute [ii] up of Minor 1 down. Has reached the 38% Fib so far. The Wilshire is shown for superior form and channeling but the SPX is the same squiggle count. Minute [ii] is expected to close the huge SPY gap down at around 1685 SPX.
Sentiment is very low as reported by EWI.  Best count has the market searching for the top of wave (3). We may be there.

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