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Tuesday, October 11, 2016

Elliott Wave Update 11 October 2016

The wave count is still holding up overall. As long as the market remains in a viable triangular configuration, we'll stick with the count. A lower low (such as overlapping wave 1 of (5)  peak price) would force a change in medium term count.
We now have a proper "(c)" wave (if that's what it is). However prices need to hold above (a).
GDOW looks good still, not expected to make a new 2016 high.

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