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Thursday, 15 July 2010

20:09 BST - SPX Update

On the bearish counts, I've switched to the truncated 5th wave of [C] of the second zig zag so we only have two sets of ones and twos down rather than the three that today's action would have called for:



EDIT: Sorry - posted the wrong chart. The wave 2 should be labelled w (at 1086.92)-x (at 1083.26) -y (at 1091.91) and no ending diagonal!