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northam43

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northam43

Re: northam43 post# 2734

Tuesday, 05/18/2010 1:31:24 PM

Tuesday, May 18, 2010 1:31:24 PM

Post# of 2827
SPX cycle update:

On the Daily chart, the upper trend line(UTL) price has now dropped from 1174.22 to 1165.47 a drop of 8.75 points in two days. If this continues on Thursday the UTL will be around 1157 and on Friday it will be at 1152.

I still believe by Friday the SPX Daily may hit the UTL and then go lower. That would then start a new Daily cycle and it could then push the weekly to new cycle lows.

JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."


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