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Strategies & Market Trends : Love shack

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From: Grandk8/29/2007 2:32:38 PM
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1448 is the 100% Fibo line on the SPX. Just musing here but I think there are a lot of people expecting the 100% retrace line to hold. Therefore, a run on stops at the 1450 SPX mark would be a beautiful set up for a bull trap. It would kick a lot of bears out and get a lot of bulls in. Keeping an eye out for this scenarion near the EOD.
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