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Friday, March 28, 2014

Elliott Wave Update ~ 28 March 2014

[Update Sat 4:25 PM: I posted the wrong chart Friday night. The correct one is up now]

Wave structure is muddled. However, the tops of the various indexes are spread out. The market is currently fragmented which could indicate a major topping process (cycle wave b).
I re-drew the cycle wave channel line. Its more interesting this way and has more touch points.

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