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Thursday 15 July 2010

13:57 BST - ES Update

I've changed the count on ES to the double zig zag I've been using on SPX. We still haven't taken out the high from overnight on 13 July (which I have labelled 3 of (C) of [X]) so where I have the end of [X] may only be the first wave of wave 5 of (C). Taking out the wave 4 of (C) low (assuming its in the right place) will eliminate the possibility of wave 5 extending.

ES 5 min chart: