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S&P 500
5,469.30
(
0.39%
)
US TECH 100
19,174.00
(
1.14%
)
Dow Jones
39,112.16
(
-0.76%
)
Brent Oil
84.70
(
0.61%
)
Bitcoin
61,637.19
(
-0.28%
)
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northam43

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northam43

Re: None

Tuesday, 12/06/2011 12:07:08 PM

Tuesday, December 06, 2011 12:07:08 PM

Post# of 2930
SPX 60 min has now confirmed a new Phase 1, the current projected low is 1232.00, the average 60 min Phase 1 is 7.8 trading hours.

The SPX Daily Phase 2 is now in the 5th trading day and the price remains above the EMA 3 level.

The SPX Weekly Phase 2 is in it's 2nd week and the price has remained above the UTL.

So what I am seeing here is I believe the Daily UTL needs to catch up as the Daily price is well above the UTL. So hopefully this 60 min Phase 1 will last a while but hopefully won't drop much and then hopefully the next 60 min Phase 2 will give the Monthly the boost it needs to get into Bull territory.

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


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