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Strategies & Market Trends : Humble1 and Swing Trading Friends

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To: Fintas who wrote (2233)	5/14/2010 11:03:19 PM
From: Z-M-L	Read Replies (1) of 41038

Fintas. I get to your 1090 in the SPX by another method. My previous wave count was looking for a Wave-v of 1 push higher to 1238 or 1254. Clearly the entire Impluse Wave-1 was instead completed at 1174 and a yet incomplete Wave-2 correction is underway which points to 1090 where: Wave-a of 2 went from 1174 to 1126 for 48-points (Lucas 47+1). Wave-b of 2 went from 1126 to 1138 for 12-points (Lucas 11+1)and roughly a 23.6% correction. Wave-c should go from 1138 to 1090 for a matching 48-points next Monday/Tuesday. Note the 78.6% retrace of Wave-1 is at 1089/1090 and will more than fill the GAP at 1110.88 in the SPX cash. I will add more LONGS at these levels with a STOP LOSS upon a "close" below 1066. Have a Great Weekend! Z-M-L

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