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Strategies & Market Trends : Classic TA Workplace

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From: Henry J Costanzo2/22/2015 12:52:08 PM
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   of 209892
 
SPX EW updated long term "roadmap" toward the Northeast:

Having completed corrective wave iv down of 3 up, now traveling in wave v up of 3 up of larger Wave 3 up which began in Oct 2011.

As noted long ago, if the advance of the latter, larger, Wave 3 up should exceed the %age advance of the preceding 2009-2011 Wave 1, it would have to exceed SPX 2150.29..Although that would be the "normal" expectation, it is NOT required by EW rules...nor is it as yet indicated by the currently developing wave structure...which may be suggesting higher levels ahead.
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