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Tuesday, August 16, 2016

Elliott Wave Update 16 August 2016

Lets just throw a "3" up there and see if it sticks. Again wave 1 of (5) is very long. If wave 3 of (5) is meant to be much longer than 1 of (5) then obviously a whole lot more rallying has to be done.
However the chart below supports the current count.  Wave (5) is already a good price match - at least in non-log scale - as compared to wave (1) off the 2009 low.

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