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Friday, November 6, 2009


Here are the Wave 2 retraces. Wave 2 could be done (I think it is) or it could be extending into next week. There is a lot of evidence to support both cases.

But I think all the indices have retraced the requisite amount. Next week will be interesting.

- INDU: 78%
- SPX: >50%
- NDX: 62%
- COMPQ: >50%
- RUT: >38% (and by far the most sold off index)

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