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Friday, January 24, 2014

Elliott Wave Update ~ 24 January 2014

Finally a bit more clarity to the potential wave count and overall wave structure.

First support was solidly closed under today.  If second support falls to the wayside eventually, the multi-year up channel will have also been likely lost. That would go a long way to confirming the Primary-sized advance is over and likely cycle wave b itself.
Wilshire weekly.
The Nikkei was due to turn also because its wave pattern counts as complete.

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