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Monday, September 30, 2013

Elliott Wave Update ~ 30 September 2013

Its a very fractured market at the moment.
On the squiggle scale, the decline looks non-impulsive for now which would characterize the decline as corrective. However support was broken, so we'll see what tomorrow brings. If its a developing impulse down, then a third wave of hard selling would be the next wave that is due.  
Monthly picture:

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