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Wednesday, 12/21/2011 7:15:55 PM

Wednesday, December 21, 2011 7:15:55 PM

Post# of 51788
SPX: Tell Tale E-wave

The morning headed lower in a triangle. This signals one last move in the trend of larger degree (UP). So far, the rally off Monday's close is looking like a double zigzag, presently more than a half way completed zag. Tomorrow begins a corrective move. I'm not sure of the degree.

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

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