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Re: Rames post# 27349

Friday, 01/29/2010 3:57:20 PM

Friday, January 29, 2010 3:57:20 PM

Post# of 94785
SPX rebound??

2:51PM S&P 500 slides to new low for the session and under yesterday's low at 1078 (SPY) : The initial support is near 1076 (session low 1077) which marks the 62% retracement of the Nov-Jan rally with the next area of interest if follow through develops is in the 1072/1071 zone (congestion/early Nov gap).

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