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Wednesday, September 17, 2014

Elliott Wave Update ~ 17 September 2014

Technically the market is ripe for a huge decline. Divergences all over the place. Weakness in the advance/decline line. But most importantly, the wave structure is very ripe.

SPX count:

Wilshire could be a leading diagonal or in the same count as the SPX.
Arguably the dollar is trying and perhaps succeeding to break long-term resistance. Lets see if it can hold its elevated price.

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