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Pastimes : The Philosophical Porch
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To: westpacific who wrote (5204)1/4/2010 10:55:32 AM
From: Rarebird  Read Replies (1) of 26251
 
The market is bouncing back from last session's selloff and appears to be finishing up a wave structure that started on December 9th at 1086 on the SPX. If this is indeed the final wave up from that low, the next move should be a retracement back down to 1086.

Judging from the massive push over the last nine months, I wouldn't put anything past the Government - their careers are on the line going into the November Elections. The US Government is, obviously, sacrificing the future of the country in a blatant attempt to save themselves.
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