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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (4282)	7/27/2009 8:36:12 AM
From: Real Man	Read Replies (1) \| Respond to of 26251

If the rally that we've seen from July lows is a wave C to the upside, then it should go a whole lot higher, in at least as big of an upside thrust as wave A. Wave A from March lows then topped in early May, then we had wave B into mid-July lows. It seems then the top calling should be postponed until SPX=1250 or something. Wave A then was about 300 SP points, wave C so far is about a third of that. I don't think EW allow wave A to be bigger than wave C.