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To: AllansAlias who wrote (72324)2/27/2001 12:17:07 PM
From: Shack  Respond to of 436258
 
The SPX fib levels I'm watching for the turn are 1280 (38.2%) and 1300 (50%) using the most recent decline from 1380 to 1220. At this point it is having trouble with the horizontal intraday resistance at 1270 which is where the current wedge line is as well. Its still in that wedge coming off Friday's lows but very far into the apex now.

I highly doubt it can get to 1300 given the dt line resistance easily seen on the hourlies.