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Wednesday, June 13, 2012

$SPX: EOD EW count and forecast.



Yes, we think that it was a wave 3,down. This wave 3 down has also 5 waves and we think that wave 3 of 3 is in place and wave 4 of 3 is in play. Tomorrow should continue the downfall. Our final target for this downfall will be minor wave 5 of intermediate wave 1 of primary wave C of cycle wave 2,down is 1,280 area. We will check out carefully.

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