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Saturday, May 16, 2015

Saturday, 5/16/15 update

New highs this week and maybe, just maybe, we've broken out of this interminable trading range.  Both alternate EW counts would dictate more rally action, but the ending diagonal alternate is more limited in that respect.  The ending diagonal fits the character of this market better, for that reason it has better odds of being the correct count.

Updated counts:

Alternate #1

Alternate #2

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