Thank you for your inputs, I think the gauge to see 1230 is around 1209 (0.236) and index needs to close above 1196 for Today and the next few seeesions.
1229 is one of the big FIbo point, 0.382 in reference of 1576 vs. 667.
The following chart indicates the significance of 1221 (actual 1217.28 on 04/23/10) and 1229 (actual 1227.08 11/15/10)
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