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Tuesday, February 7, 2012

Tuesday, 2/7/12 update

The ES still looks to be in the 5th wave of the move up from the Dec 19 lows, but that 5th wave appears to be extending. A possible target for Minute Wave 5 (green numerals) is where it's length equals that of Minute W1. Minute Wave 1 traveled 68.50 points, adding that to the Minute W4 low at 1296.00 yields a target of 1364.50.

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