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Saturday, June 14, 2014

Composite

The Composite Does have the retracement levels for an triangle,although the 60 minute HEW count says up. Hard to ignore the oscillators but they haven't got the differentials for a sell yet. The red dotted line is the 26 price bar support,also shown is the cloud support lines in red. I can see 3 different possibilities with this.
The sub-wave counts have been extended pretty dramatically as far as the Harmonic Elliott Wave goes.

The DMI is positive and should stay in the box or break the top in a positive way. KST shouldn't have much in the way of an crossover as well. If they do I would expect it's going to the bottom support line,but I'm not expecting that at the moment.

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