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S&P 500
5,431.60
(
-0.04%
)
US TECH 100
19,168.00
(
0.52%
)
Dow Jones
38,589.16
(
-0.15%
)
Brent Oil
82.28
(
0.00%
)
Bitcoin
66,257.80
(
0.10%
)
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Torqputty

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Torqputty

Re: None

Wednesday, 04/29/2009 12:18:08 PM

Wednesday, April 29, 2009 12:18:08 PM

Post# of 31925
Ascending triangle or double top

1) There is an ascending triangle showing on the S&P daily chart (last 9 trading days). Price would take us to 924.

2) There is also a double top in the same trading days that would take us back to 780ish.

Based on current market exuberance and assuming da-boys maintain this charade… I think scenario one has solid potential. I know the markets are overbought and pull back is expected. Either scenario is ok with me.

TRADING TOOLS
http://www.investorshub.com/boards/read_msg.asp?message_id=10351753

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