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Strategies & Market Trends : Classic TA Workplace

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From: Henry J Costanzo8/4/2013 9:47:19 AM
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SPX/SPY EW updates:

On the SPY daily chart, Friday launched terminal wave (v) up, of iii up, counting from the June low. The relative length of the various waves,,,and the rule that the 3rd wave of an impulse cannot be the shortest…sets a maximum of 172.62 for the terminal (v) now underway..

Moving to the SPX weekly chart, the terminal wave v up launched at the June low would reach 1768 IF…as is often the case.. it equals the preceding wave 1 of 2011..
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