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Semiconductor Index and the Wave Count Puzzle: Final Rally or Reversal?

Pelican Press

By Pelican Press,
in World News

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In our previous update from June 13th, we found that for the (SOX) based on the Elliott Wave (EW) Principle, a local top was due at ideally ~$5420, followed by a minor 4th wave correction (gray Wave iv?) to $5050+/-50 and a fifth wave (gray W-v) to $5745+/-100. See Figure 1A. The index hit a high of $5311 on June 17, dropped to $5140 on June 23, and then rose to $5588 on June 27. Therefore…

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