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Monday, May 3, 2010

S&P 500 - Be ready for the next move lower



The break above 1,197.48 killed the possible 1-2 / i-ii count and I have to count the decline from 1,209.28 to 1,187.02 as wave 1 and wave 2 has just finished at 1,205.13.

The wave 2 high at 1,209.28 can't be broken or this count is wrong.

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