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Strategies & Market Trends : The coming US dollar crisis
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To: ggersh who wrote (19563)4/9/2009 11:29:33 AM
From: LTK007  Read Replies (3) of 71477
 
TA SPX as guide: i see today as pivotal, to affirm there is still lot more upside to this bear rally as the strong start needs a strong ending, at 848 we are exactly at the a resistance line(my computerized system), that has the resistance line above it at 904.

A close in 850+ area would signal the bear rally still has LEGS.
If the rally today fails, SOMETHING is WRONG, and should be a warning to those longside.
Why?? Today is a perfect set-up for taking out resistance and NOT to retreat from it.
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