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ELLIOTT WAVE  |  March 10, 2010
Secular Bear Market Remains Intact
The rally off the February 2010 low has now pushed so far that traders and even market analysts are now starting to consider that a new bull market is underway. According to the Elliott wave theory, however, the market has one more down leg to go that will carry the market to a new lower low before a bull market can emerge.
by Alan R. Northam

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