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Thursday, September 13, 2012


I have a feeling we will continue to trade in this range established over the past few days.  I have placed a yellow oval at my target price.  From there I expect one last rally to symmetrically fill this blue fork.
That would also create the last of 5 waves required for an Elliott Wave pattern; complete with alternating 2/4 patterns.

That's a lot of supposition  but if we see it develop, then the odds would favor a severe reversal off that top.

No change in the fork, but we are still trading above the handle

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