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techcharter

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techcharter

Re: None

Monday, 07/16/2012 3:01:37 PM

Monday, July 16, 2012 3:01:37 PM

Post# of 51788
SPX Intraday Triangle Alert

Today has traded sideways in what looks like a textbook triangle. The pattern is in wave e and set to make a sharp move. Go long if it hits 1358. Short if the price falls below 1351.

The alternate count is a corrective move down at today's open followed by wave b triangle, with one more corrective wave down.


http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Index&symb=spx&time=2&startdate=1%2F4%2F1999&enddate=7%2F16%2F2012&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9&x=44&y=6
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