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Footquarters

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Footquarters

Re: None

Sunday, 09/12/2010 7:49:32 AM

Sunday, September 12, 2010 7:49:32 AM

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Hold Long over 1103 SPX







inverse head and shoulder and also a complex head and shoulder unless we break the 1132 SPX. The volume reflects manipulation an short covering. So Monday we have a hold long signal above 1103 SPX, tradable short below that and hold short under 1080 SPX. Since the 80 MA is so far away from the price we could see a consolidation here. Woo Hoo is still on the long side with the MACD narrowing. If we have and strenght to a downside move, we could get a very strong move to 1080 SPX. Tuesday will be the critical day to watch.
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