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techcharter

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techcharter

Re: None

Tuesday, 10/16/2012 12:35:08 PM

Tuesday, October 16, 2012 12:35:08 PM

Post# of 51788
SPX - Still in wave c of Flat.


Most likely extended wave 5 of c of flat, which is at the Fibonacci 62% retracement level. The duration of the flat is closing in on 78% of the selloff. It could even move sideways the rest of day to make the time ratio 1:1.

Also considering extended wave 3 of c of flat, with more choppy rally ahead.

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