Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 691.97

-0.3%

Jan 30 4:00 PM EST

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To: Johnny Canuck who wrote (47474)	2/7/2012 9:55:38 PM
From: Johnny Canuck	Read Replies (1) of 70343

No change in the analysis of the indices from earlier in the day except gold. Gold showing a stronger close than during the day. It essentially reversed the puuback on 3 days ago. If it can break out of the down trend channel in the next few days, the down trend will be broken. A sideways move would increase the probability of the price action falling back into the channel with a possible test of 1600 level if not the 1500 level.

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