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pennies2007

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pennies2007

Re: gitonwithit post# 91318

Monday, 02/06/2012 8:57:15 AM

Monday, February 06, 2012 8:57:15 AM

Post# of 140146
Agreed Git. This initial move down from the highs is looking very much like an initial 5 wave impulse series. If that's the case, 1.0650 or so would be a valid fifth wave bottom. Then a rally back towards the 1.0750 level and then a much larger drop.

I'll be shorting any significant rallies from here on out.
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