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S&P 500
5,473.17
(
-0.25%
)
US TECH 100
19,290.80
(
-0.61%
)
Dow Jones
39,134.76
(
0.77%
)
Brent Oil
85.01
(
0.37%
)
Bitcoin
64,877.93
(
-0.13%
)
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techcharter

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techcharter

Re: techcharter post# 45787

Tuesday, 08/09/2011 3:47:47 PM

Tuesday, August 09, 2011 3:47:47 PM

Post# of 51804
Today Was Flat Wave

The morining rally can be counted as a zigzag (wave a of flat). The noon selloff can also be counted as a zigzag (wave b). The rally out of this afternoon's low is textbook motive (wave c). WOW, a 5% move!!! This flat could be wave 2 or 4 depending how strong the market is. Either way, look for movement back to SPX 1100.
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