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Tuesday, June 15, 2010

Counter-rally done?

I was watching the price action today, and from the looks of it, at least from my perspective there is good odds that this rally may be overdone now.

In terms of Elliott Wave, the correction has been in very mushy waves, not being impulsive thus corrective... I think wave 2 may actually have ended today, where the correction took form of a ABC flat formation.

We'll see how it goes...
at 1:10 AM Posted by Salvador
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