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Thursday, October 8, 2009

Elliot Waves

Posted by Harmain at 2:57 PM

The line extended from the September 11, 15, and 23 highs defines the short term trend. This line is at 1.6105 today (just pips from the high). Continue to favor the downside against there as price action since the 9/28 low is viewed as a consolidation that will give way to additional weakness.

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