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the smh and txn


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#1 gannman

gannman

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Posted 03 October 2015 - 07:34 AM

the smh looks like its in the C wave of an abc correction since august 24. the 50 % retrace is about 51.9 if you look at the chart of txn the C wave is pretty clear . looks like its somewhere in wave v of C on txn which is probably where the smh is also . trading below 47.7 would indicate to me the next leg down in the smh has begun
feeling mellow with the yellow metal