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Saturday, January 15, 2011 10:25:17 AM
Yesterday's daily bull candle put the SPX at the daily trend channel line and is over a 61.8% extension of the first leg up. A 76.4% extension projects to 1316 and 100% to 1360.
__8_26_2010_-_1_14_2011.jpg)
The week closed close to the now defunct weekly trend trend channel line indicating the weekly has yet more room to move to the existing trend channel line, which next week projects to over 1325.
__Week_22_2009_-_Week_2_2011.jpg)
__8_26_2010_-_1_14_2011.jpg)
The week closed close to the now defunct weekly trend trend channel line indicating the weekly has yet more room to move to the existing trend channel line, which next week projects to over 1325.
__Week_22_2009_-_Week_2_2011.jpg)
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