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Ryan Henry Rank: 21 Followers: 49 Votes: 82 Years Member: 10 Last Update: 22 May 2013, 15:42 Categories: ETFs
Elliott Wave Analysis
Trend Analysis

Daily Notes:
5/22 - Equities declined firmly today and it should have your full attention. This weakness is occurring at a place where the internal advance off April's lows appears to be a completed five-wave move on a lot of different ETFs. So this will be a good test of the overall uptrend. Our move is to tighten stops on several ETFs and to then see what price has to say about it. If these stop levels are tagged, there's no reason to think twice about it. It would be a sign that something larger is playing out to the downside so there'd be no good reason to stick around. Stay tuned, this is going to be interesting one way or the other!


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