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Monday, December 26, 2016

Monday, 12/26/16 update

The activity since the mid-December highs looked to be a triangle type correction in progress.  That still may be the case, but it's also possible that the pattern will be a simple zig-zag.  Both possibilities are noted in the hourly chart below.  Either way we should see a rally to new ATH's once the corrective sequence is resolved.

Daily chart:

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