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[RT] S&P500,....vs. Transports and Elliot Count



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Just wondering if any RT'rs had thoughts regarding:

1.  Significance of Transports making New 52 week lows.

2.  Likelihood that 01-25 low marked end of Wave 3 down,...
     now forming Wave 4,....with further downside Wave 5
     (perhaps into the 02-01 to 02 time frame).  

Any perceptions appreciated.  JIM