SPDR S&P 500 (SPY): Two: on this weekly SPX chart we dropped...

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Re: Two-timer post# 88205

Monday, 09/21/2009 1:01:57 PM

Monday, September 21, 2009 1:01:57 PM

Two: on this weekly SPX chart we dropped for now under 1070 = 76% Fib extension level. [76 = 55 x 1.382 - a valid level when we deal with a 55 EMA ribbon, as a stepping reference].
My guess is that next we will go higher into the TOM, at least to the next level = 1083.

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