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Post# of 51845
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pmiles

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pmiles

Re: None

Friday, 03/14/2014 4:37:35 PM

Friday, March 14, 2014 4:37:35 PM

Post# of 51845
The 5 week cycle appears to have failed. We overshot the 1.25 week FMA target to the downside and have set a downside target now at about 1805. This would mean a retrace of about 0.62 of the rally from the 20/40 week low. ther eis likely to be some support here but
it would imply a break of the 10 week FMA and that would generate a target lower at about 1756. That is an area of previous support and also the approximate location of the 40 week FMA.



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