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Wednesday, February 9, 2011

Wednesday Midday Update

 1:50 c.s.t. primary count:

1308.98 is the wave i of v of (iii) high, any breach of this and the larger degree wave (iv) of [iii] is underway.  Once this wave is confirmed it should retrace 23.6%-38.2% (see chart above - possible targets are 1295, 1277, both correspond nicely to trend lines (black solid and orange dashed)