SP By Any Other Name (SPXGLD) ....

....Would smell not quite as sweet.
From Zero Hedge a couple days ago, but still interesting:  "Real" S&P Back To April Levels


                                                                   click on chart to enlarge
  Please note the very clear abc structure up from the March lows, and a truncated c wave ending in late August. Additionally the move down from the August high looks to be assuming an impulse wave structure.

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