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Non-Tech : Raptor's Den
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To: mansan who wrote (3787)9/26/2002 8:23:22 AM
From: skinowski  Read Replies (1) of 10157
 
This week, SPX at its low had retraced 78.6% of the July – August rally. The 848-52 level is the 61.8% of that rally, and also the level where a possible wedge-like structure, which had formed yesterday, would reach its upper trendline. Interesting level. And yes, the important 9/18 low of 857-58 is only a few points away.

(edit: Note, that the ~850 is also 50% of the decline off the 9/18 high)
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