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SPY 195 min


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#1 AChartist

AChartist

    Tim

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Posted 07 December 2011 - 07:16 AM

This gives me pause, to expect the weekly decline to be delayed after two weeks,

where the weekly high is next week it would not be unusual to delay one more week.

There is resistance up to 5 days, next Tues.

5 days is marked with the vertical dashed line, with a problem for the

Sunday night gap to occur before this pivot.

That initial peak is 15 days, Dec 22.

If it declines I'll be a little long, trying to wait for the entry a few

more days. After 5 days there won't be anything down causing resistance.



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