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Tuesday, December 10, 2013

Elliott Wave Update ~ 10 December 2013

Looking at the bigger picture of Intermediate wave (C). Searching for the end of Minor 5.
Playing around with wave counts there is a bit of an upward triangle formation for Minor 4. That would imply Minute [v] of Minor 4 is playing out and the market need only make a nominal new high in the Wilshire5000 and SPX to complete the last squiggle
If we get that nominal high, the best squiggle projection is something like this.
Weekly. Yeah its still overbought.

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