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S&P 500
5,447.87
(
-0.31%
)
US TECH 100
18,972.79
(
-1.22%
)
Dow Jones
39,411.21
(
0.67%
)
Brent Oil
85.27
(
1.49%
)
Bitcoin
60,174.50
(
-4.72%
)
Post# of 51804
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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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