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Re: k9painter post# 153238

Tuesday, 09/08/2015 8:57:38 PM

Tuesday, September 08, 2015 8:57:38 PM

Post# of 383885
The trend IS down, but a retracement to the bottom of the consolidation area from which prices broke down should be considered routine and normal. Such retracements often require some consolidation before starting. The area 205-207 served as support on seven occasions in 20 weeks, with only one break towards 204. I also would expect a retracement to "204ish" up to 207. Beyond that, we would be in limbo, waiting for proof of continued uptrend instead of pending failure.

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