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Thursday, January 5, 2012

$SPY and $SPX:Comparison daily, 6 months, charts.

 Watching both charts we observe that the $SPX chart has not surpass the clue line and the SPY chart has surpassed,little,but surpassed the clue line.If we stick to the first one,intermediate wave 2 (blue) continues in place and with SPY chart, intermediate wave 2 has to be relabeled. We have a divergence and we have to investigate what is happening here.

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