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Dec 23rd, 2009: Morning Update

Posted by pugsma on December 23, 2009

Wave v of (3) didn’t quite finish yesterday at 1120.19.  Wave v ended up being an Ending Diagonal and it may have peaked at 1121.57 early this morning (see 1-min chart).

I looks like we have entered into wave (4) down now and the target will be be in the 1110 to 1113 area.

1-min Chart:

15-min Chart:

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