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5,537.02
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US TECH 100
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northam43

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northam43

Re: northam43 post# 1720

Wednesday, 06/06/2012 10:48:30 AM

Wednesday, June 06, 2012 10:48:30 AM

Post# of 2930
IMPORTANT SPX CYCLES UPDATE:

As of this morning the SPX Monthly EMA 3/8 went back to the Bull side. So the Bull market continues into the 6th month.

However, the SPX Monthly remains in an Unconfirmed Phase 1, the SPX must rise above the 1347 level for the Monthly to remain in Phase 2.

The Daily is projected for a Phase 2 tomorrow and the Weekly is projected for a Phase 2 June 15th, so it's possible we could see a rally to the 1357 level in a very short time. At that level would put all timeframes in Phase 2 and the SPX would probably trend upward for a few weeks.

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


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