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Wednesday, February 15, 2017

15 February 2017

The target area has been reached.  I expect a retreat from this area, but 2400 or better is still likely before we see a substantial bear market.  We are breaking back through the handle of the Andrews Pitchfork originating at 666.75 on 3/6/2019.  The wave does not look complete and generally the market does not return to the other side of the fork for long, so I'm thinking a 50 point wave 4 correction is due.

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