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SPX - Resistance


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#1 mss

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Posted 22 August 2008 - 03:31 PM

:huh:
If it can break through with volume, then 1311/20 might be doable next week.

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#2 arbman

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Posted 22 August 2008 - 05:59 PM

That's exactly what happened, a back test of the broken trend line, the channel line at the bottom is sucking, then we'll see how far she bounces back up --I am thinking about 1340-1350 into Sep, but only thinking, not betting on it (yet)...

#3 humble1

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Posted 25 August 2008 - 04:54 AM

thanks for putting that 1292 close in context. i hate to disagree with arbman, but it looks like it is time to turn this train south and shovel coal ! :)