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Friday, April 17, 2009

Elliott Wave Update ~ 17 April

The only thing that DOES bother me is that this ending diagonal is a near perfect structure. The perfect trendline touches almost look contrived. But if it looks like a duck....quacks like a duck....regardless 885 would invalidate the structure.

So until that is hit, we have to treat it like an ending diagonal. Which, in theory, often retraces the entire move from where it started and maybe even more. It started at 779.

I'll have more this weekend.


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