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Wednesday, February 19, 2014

Elliott Wave Update ~ 19 February 2014

The Wilshire 5000 made a new high today. That is OK and actually its great because now we have a nice solid "new" wave counting starting point (I like to use the Wilshire 5000 for superior form). It still "looks" correct. I repeat myself, but its an important point.  Rally is coming upon the 5 year Fibonacci mark.
In other news, the e-minis made a nice solid 5 wave pattern lower.

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