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Wednesday, November 10, 2010

S&P 500 - Possible fifth wave failuer ?

We might just have seen a fifth wave failuer in the S&P 500. It's still very eraly and we need a break below the top of wave i at 1,195.85 to confirm the fifth wave failuer.

A fifth wave failuer is a sign of weakness and could be a warning of a very quick sell-off, if the signal is confirmed.

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