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Channel Break "Sign of Weakness"


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#1 blustar

blustar

    blustar

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Posted 23 February 2011 - 11:05 AM

We broke the uptrend line on the daily SPX log chart on the rising wedge pattern. Breaks of rising wedges this high up are a sign of weakness, but suggests one more rally to new highs.

Blessings,

 

blu

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