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July 28th, 2010: Update 2 – Morning

Posted by pugsma on July 28, 2010

11:30 am EST:  Without any impulsive action lower, this still looks like a wave iv or (4) consolidation.   For the primary count wave iv-(3) must stay above 1097.  And for the alternate wave (4) must stay above 1089.

SP-500 15-min Chart (11:20 am):

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