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Tuesday, March 22, 2011

Tuesday 3/22/11 wrap up

There's a fair chance that we've seen the end of any serious selling for a while in the ES/SPX.  Elliott count looks like a double zig-zag from the top of Feb 20 into the low of Mar 16.

If the correction is over it's been pretty shallow - not even a .382 retracement of  the preceding 7 month rally.

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