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Post# of 46542
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bbgold

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bbgold

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Re: kiy post# 22597

Wednesday, 05/30/2012 12:12:09 PM

Wednesday, May 30, 2012 12:12:09 PM

Post# of 46542
Again, a repeating pattern
This May selloff has been trading 7 days sell, bounce, 7 days sell.
I am 'anticipating' the pattern to repeat.
7 days from now is Max Pain rally day, or some call Wild Wednesday, the Wed week before OEX.
That would be my first target for a bounce/rally but could see continued selling if it hits resistance again.
My 'target' would be 1250 if 1300 rolls from support to resistance, so 1300/1290 the first 'step' before another trip imo.
Any kind of Euro/Bernanke Hype up could change things up but for now I don't see anything Positive on the horizon.

Good Luck to All! :^)

PLAN the TRADE and TRADE the PLAN!


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