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Monday, October 6, 2014

Elliott Wave Update ~ 6 October 2014

Last Thursday's update it was mentioned that wave (iv) must not violate wave (i)'s price range of 1978.63. The high today was 1977.84.

The count:
The bounce "looks" like an impulse move up, but when you break down the squiggles, it looks kind of odd to be considered a 5 wave move. Rather a double zizgag:
Wilshire closed beneath the lower channel line.  You can see the best ALT count on this chart.

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