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I decided to put the Ellipse on the S&P weekly chart from the previous major
pivot (minor 4 of Wave 3) which was the October 1998 low, to the . There
actually three of the a short (yellow), normal (blue) and long (clear one
that still has a
"shadow") and near the MOB.
They have done a pretty good job of finding lows so far?? The long term one
will be set most likely this week and we are almost there . . .
don ewers
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