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Monday, November 3, 2014

Elliott Wave Update ~ 3 November 2014

Lets start with the markets and counts that have been working well for a long time.

Gold confirmed wave (5) down.
US Dollar has broken out to the upside:
Bonds have fulfilled a double zigzag and a neat Fib retracement.
 GDOW weekly best shows the rise since 2009 as an A-B-C pattern.
Medium term best shows the drop since peak as an impulse pattern down:
Short term we have some options:
Wilshire Monthly. Still an A-B-C pattern from the 2009 low.
SPX weekly:  Important Fib relationship exists at 2035 SPX. Today's peak was 2024.

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