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European Debt: An Elliott Wave Perspective

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$SPY Elliott Wave Update for Monday 7/13/2009

I revised the wave count slightly which gives the recent C wave a little bit more room to rise. My main reason for doing so is because it appears we are tracing out a 3-3-5 corrective flat which is always countertrend meaning the next big move should be five waves to the downside. Goldman Sachs [...]

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