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Tuesday, June 29, 2010

Shanghai Composite - Breaks important support

The break below important support at 2,502 today add confidence in my impulsiv decline count. calling for a continuation lower towards the 2,000 area.

Longer term wave [C] should break below the bottom of wave [A] at 1,664.92 for a move towards 1,175 and possibly even closer to 1,000 area.

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