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< "this could be a 3 wave or a 5 wave correction?"
the 3 wave that you refer to consits of ABC counting in corrective
action, note when looking at daily dow charts you can see 4 moves so far
(with lower highs), suggesting one more move down completing 5 waves
total. this could be either leg A or leg 1 of the entire correction.
note:corrections will have a 5/3/5 internal counts (the first five is
still in progress)
mike arnoldi
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