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techcharter

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techcharter

Re: None

Wednesday, 06/11/2014 10:00:49 PM

Wednesday, June 11, 2014 10:00:49 PM

Post# of 51788
Ending diagonal is now very doubtful

I think US markets count best with a corrective triangle, most prominent in the NDX and SPX, which started with the January pullback. From the mid-May lows in NDX, SPX, INDU I count 5 waves up, forming at least an intermediate top. Since triangles preceed the last move of the larger degree of trend, prices should retreat at least to those mid-May lows.
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