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Tuesday, March 13, 2012

Tuesday, 3/13/12 update

Things are developing about as expected, although on a shorter time frame.

US$ still tracking up as well, eventually this should rain on the bull parade.

HOWEVER, equities are moving up with a little more authority than would be expected for a "B" wave, so the Elliott count above may wind up being completely wrong. If the ES pushes significantly past the 1377.25 top of last week then things will need to be re-evaluated. Meanwhile long is the place to be at the moment.
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