AI
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Thursday, February 12, 2009 2:48:55 PM
NYSE - Looks like we can probably go to 805 before things get nutty. Some support about 1/2% below current levels which I guess corresponds w/805 ish.
Looking at this chart I wouldn't expect a straight plunge thru the lows. A 50% retrace of the recent multi-day drop would probably be most likely scenario, but doesn't have to happen. Would correspond w/signing of bill most likely and more sell the news after.
Looking at this chart I wouldn't expect a straight plunge thru the lows. A 50% retrace of the recent multi-day drop would probably be most likely scenario, but doesn't have to happen. Would correspond w/signing of bill most likely and more sell the news after.
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