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Dec 10th, 2009: Afternoon Update

Posted by pugsma on December 10, 2009

If the bullish short term alternate count (purple) is to play out, watch for a wave 2 drop to about 1096 to gill the gap from this morning.  Then an explosive wave 3 should take the SP-500 to new highs over the next 2 to 3 trading days (see the new upper slopping trendlines in purple).

5min-Chart:

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