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Thursday, August 22, 2013

Thursday

I really appreciate your comments Permabear Doomster.
I agree 1675 was a critical support.  It's now critical resistance.

Odds are that we are in a wave 2 and will not make a new high.  The chart clearly shows 5 waves down.

But I'd still like to see the two upward forks break before turning my back on the bulls.  They always seem to have one more surprise.




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