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Monday, December 19, 2011

Monday, 12/19/11 update

The Elliott pattern since the Dec 8 top looks like a triple zig-zag into today's low and very possibly is done at that low. If so it was an almost exact .618 retrace of the rally from Nov 25 into Dec 8.

Three possible Elliott counts at the moment:
Alternate 1

Alternate 2

Alternate 3

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