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techcharter

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techcharter

Re: techcharter post# 46996

Tuesday, 05/29/2012 9:58:04 AM

Tuesday, May 29, 2012 9:58:04 AM

Post# of 51808
SPX Intraday Triangle Breakout

The pattern I was watching last week was triangle looking; however, I was not calling it an e-wave triangle. With this morning's rally, I have a pretty clear wave count from last Monday's lows.

Wave 2 corrective double zigzag.
wave a: Double zigzag from last Monday into Tuesday morning high.
wave b: Triangle from Tuesday high into Friday low.
wave c: in progress.

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