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(12/27/14)
Overall we might be seeing a Wedge type pattern evolving as 2014
ends and we move into early 2015. Wave 3 would be around 2100 which would
then be followed by a 4th Wave pullback. The target for Wave 5 would be near
2140.
The 2140 area is the 161.8% Extension Level based on the
distance from the 2007 high of 1576 to the 2009 low of 667 which was 909
points. Thus 909 x 1.618 = 1471 which added to 667 yields 2138.
Amateur Investors
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