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Thursday, August 21, 2014

The Markets

The Dow ,NYSE and the S&P all have pretty much the same Pattern(wave count).They will probably have a Pullback Tomorrow or soon after. The Microcaps lag as well as the Russell, at a time the STO's are in over bought territory.The KST on the Russell have turned but still below the ZLR

Gold has closed below the cloud(bearish) but I'm hesitant to call it in a Bear market, as the Harmonic Elliott Wave has Silver's turning point at $19.30 as per Ian Copsey. The I-Cloud works similar to the Parabolic SAR when in a sideways move(flat). Silver bounced off that target today. Stay Tuned!!

Unless I missed something the Wave count is now a iii of -v- of (III). This is the Larger(primary) wave III and has a potential of going DEEP. Please pay attention to your Sell signals in the stocks you have.The sub-wave still has a little farther to go,so don't panic.

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