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Thursday, November 14, 2013

Elliott Wave Update ~ 14 November 2013

Our charts are working for the basic count.
We are getting close as the wave count suggests. Sentiment data is getting extreme. For instance the difference between "Smart money" and "Dumb money" via Sentiment Trader has reached 42%.  Dumb is at 71% and Smart is at 29% which implies we are more than ripe for a hard reversal.

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