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Thursday, September 9, 2010

Thursday 9/9/10 wrap up

Elliott bear count - getting more and more awkward:

Elliott bull count, a lot cleaner:

Okkam's razor says the simplest answer is usually the correct one, so despite the continued low volume the vote has to go for the bull case.

Got stopped out of Monday night's short ES this morning at breakeven. With today's highs the Trendline and Dynamic Oscillator reset.  We are currently flirting with another sell signal on the Trend/Osc.
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