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Thursday 8 July 2010

16:59 BST - SPX Update

Just updating  the SPX double zig zag chart I posted earlier. If this isn't just a 4th wave before another rally. we have to take out the wave (1) high at 1051.01. That will likely mean that we completed 5 waves up for wave [C] at today's high, with the 5th wave extending from where I have marked wave (2) (as in the chart I posted in last night's Update):

SPX 1 min chart - double zig zag: