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Saturday, March 20, 2010

Counts and Structures Within This Rally

The rally since Feb 8 has been a real pain to count. So I want to look fresh this morning and see what makes sense. The two main options: is it impulsive or is it corrective?

First, impulsive. Here is why (IMO) the count is *not* impulsive

Second: corrective. That is how I have been counting this rally, except the Y wave kept faking me out. But now, I think it is done and it does count like a valid triple-three.

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