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S&P 500
5,447.87
(
-0.31%
)
US TECH 100
18,982.40
(
-1.17%
)
Dow Jones
39,411.21
(
0.67%
)
Brent Oil
85.27
(
-0.01%
)
Bitcoin
61,122.72
(
1.43%
)
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techcharter

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techcharter

Re: None

Thursday, 08/11/2011 2:38:52 PM

Thursday, August 11, 2011 2:38:52 PM

Post# of 51804
US Markets are definitely in a corrective rally.

The past 3 days of trading broke to the right of the waterfall channel. The SPX needs 4 to 6 days of sideways movement for a Fibonacci time ratio, and retracement to 1200 - 1250 for Fibonacci price ratio.
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