October 29, 2009

10/29/2009 intraday update

2:46pm

wave 4 has reached 38.2% retracement and it’s a good level for wave 4 here.  another leg down to 1000 region is coming soon…

 

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2:09pm

retracement will not exceed the white line

 

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1:09pm

this correction is not a surprise and I expect it will fade from 1062 here…

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