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Thursday, July 23, 2009

A Comparison to the Last Wave 2 Rally

I like to compare things to past precedents. I do this sometimes just to see if things that I project to happen could have happened in the past. Its useful analysis at times.

The last wave 2 rally of significance was of course the Spring 2008 rally Intermediate wave (2). Looking at that rally closer I realize the current rally has some recent moves that look eerily similar to the 2008 rally. All my notes are on the chart.

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