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Nov 24th, 2009: Afternoon Update – Possible Large Triangle Wave 4?

Posted by pugsma on November 24, 2009

Could be that instead of the Wave 4, A-B-C expanded flat off the Nov 11th 1105 high, we have an A-B-C-D-E contracting triangle (see the 15-min chart below).  The triangle target would be 1125.  Either way it matches up with one more push to a new high in the 1120 to 1140 target range.

15-min Chart:

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