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Wednesday, August 8, 2012

$SPY: Relabeling EW count. Forecast is the same.

We are bored of counting and relabeling this minor wave 2,up because the short squeeze is a big one, giving markets 4 straight days of bullishness?? or,better, bear extreme fear.The point is that, nothing is changing and, inclusive, minor wave 2, could go, up to 142.20, where primary wave B was in place, and continue being a minor wave 2. Timming kills us, but,we think, our forecast is OK.

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