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techcharter

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techcharter

Re: None

Tuesday, 01/06/2009 10:25:52 PM

Tuesday, January 06, 2009 10:25:52 PM

Post# of 51808
SPX Wave Count

My intermediate term count is a double zigzag off the November '08 lows. Wave b was a triangle. Wave c has started and the zig completed at today's opening. Things have been corrective in structure since. I anticipate more overlapping waves to the downside the next 4-5 days as option premiums get chewed up prior to expiration nex week.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=spx&time=&freq=
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