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Monday, 03/10/2008 9:32:42 PM

Monday, March 10, 2008 9:32:42 PM

Post# of 51808
The Elliott Wave Two Step.

Several world markets have broken below their Jan '08 lows today / evening in a series of waves 1-2 occurring over the past couple of days. A dramatic drop, more than 10% in a day, is about to take place as the powerful wave 3's unfold.

The ABX mortgage indices kept falling. Now I'm keeping my eye on the last index to fall below the 80c/$ level. Righ now tt's about 85c/$.

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