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S&P 500
5,304.72
(
0.70%
)
US TECH 100
18,318.00
(
0.95%
)
Dow Jones
39,069.59
(
0.01%
)
Brent Oil
81.97
(
0.00%
)
Bitcoin
69,103.26
(
0.84%
)
Post# of 51788
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techcharter

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techcharter

Re: techcharter post# 47504

Thursday, 10/25/2012 11:46:06 AM

Thursday, October 25, 2012 11:46:06 AM

Post# of 51788
SPX Flat is DONE

Wave 3 or Wave C down has started. Today's pop and drop broke yesterday's low, negating further potential motive advances from the opening pop.

Wave 3 is my preferred count. The bounce in the DAX made ideal price and time fibonacci ratios. The bounce in the SPX did not, indicating the downside forces are strong. Look for a 5-10% drop before markets reach the next level of support.
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