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S&P 500
5,447.87
(
-0.31%
)
US TECH 100
18,978.00
(
-1.19%
)
Dow Jones
39,411.21
(
0.67%
)
Brent Oil
85.16
(
-0.13%
)
Bitcoin
61,295.22
(
1.71%
)
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northam43

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northam43

Re: None

Wednesday, 11/09/2011 2:56:46 PM

Wednesday, November 09, 2011 2:56:46 PM

Post# of 2930
The Daily price is now below the LTL, so a Daily Phase 1 confirmation tomorrow is very likely, a Daily Phase 1 could take us to next Thursday, with a low of 1209 put in by next Tuesday. That could put the SPX Weekly in an unconfirmed Phase 1 on Monday, the Weekly would have until next Friday to get to 1252 to stay in a Phase 2. If a Weekly Phase 1 is confirmed the projected low is 1158, that would take the Monthly below the LTL, the Monthly would then likely confirm a new Phase 1 at the end of the month and the projected low would be 1072 which would be a new low for this Bear market.

Current Buy blockers are active for Daily, Weekly & Monthly

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


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