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Thursday, July 18, 2013


I was premature about the drop to the lower tine.  This chart shows my interpretation of EW waves.  A drop of over 50 handles are now required to even begin to look for a major reversal.  It's coming but this green fork may be indicating it may take time for this summer rally to play out.
Once again the yellow fork needs to be confirmed.
The candles needed a confirmation but the last three days were only building a support.

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