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Sunday, February 17, 2013

Conformity of ST MT LT of $SPX, $INDU, $RUT Elliott wave counts and Technicals

presented in Feb 17, 2013 comprehensive weekend report.

Even though $RUT is substantially higher with new historical all time high.
$INDU high (14038) was only 160 points away from historical high of 14198 during Oct 2007.
$SPX high (1524.69) was 52 points away from historical high of 1576 during Oct 2007.
$SPX, $INDU, $RUT all share exactly the same Elliott wave counts and Technicals for Short Term, Medium Term, and Long Term.
The conformity of ST, MT, LT of $SPX, $INDU, $RUT have huge impacts on the markets going forward.

Also presented European and Asian market and US dollar.