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[Frac_Man]

Frac_Man Fractal update for the week of 1/03/07 | Category: Daily Fractal Comment Email this entry | Print this entry Jan 5 2007, 07:42 PM If you review the prevous posted chart for the SPX the top did appear at F5 ( 1426 ). We should continue down into the 1400 ( F6 ) area for another bottom and potential rally for new highs. Intermediate term the S&P should rally to about 1480 + in the first quarter. The bears will have to wait till maybe spring ............ IF the decline develops into a sharp spike down, that would be the confirmation for F6. Always expected the unexpected, and hence map the market and don't fit the market to a map !