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Wednesday, August 1, 2012

$SPY: Again a new attempt to break the HS neckline.

As we told,before, markets could take this shaking mode for one or more days and, maybe, that's what we are watching. A new attempt to brake the neckline is,obviously, possible. We will be sure of our forecast when a,clear, break of the 138.19 "Third EW rule" is confirmed.

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