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Monday, January 16, 2012

Citibank: C. Monthly and weekly charts with EW count.







The C EW count has a lot of similarities with the BAC EW count and what we think is that price will move,next months, between a narrow range inside the blue rectangle until wave 3 gain strength to a powerful development. We are sustaining that markets will have a last downfall with the EU debt crisis and we also sustain that markets will fall down until september-october 2012 when cyclical wave 2 will be in place and cyclical wave 3 will start.

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