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Don't see too much Elliott discussion here, but here's a short term
"possibility" I'm mulling over.
Drop through the lower trendline, say 7800, and as mentioned in previous
post using trendlines not shown here, then toss this in the trash bin. The C
wave of this Flat must be interpreted as a Terminal formation, also known as
a diagonal triangle. The overlap of wave 1 and 4 necessitates this.
Just a thought.
Peter
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