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Re: dmlabuda post# 24194

Wednesday, 10/19/2011 11:35:22 AM

Wednesday, October 19, 2011 11:35:22 AM

Post# of 30861
200 Day Moving Average STOPS yet another SIRI advance. Once again, if you have profits here it could be a very good time to capture them. As long as SIRI fails to close and support above the 200 Day SMA, BEAR market conditions will prevail. I believe that the price will fall and retest recent lows but, should a normal Fibonacci retracement take place during the coming price correction, there will a chance for another attempt to break resistance at the 200 Day SMA.

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