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Fox13

06/23/09 2:39 AM

#47641 RE: Fox13 #47640

Here, an older chart: the Fibonacci Speed/Resistance Arcs also seem to have defined some support levels. If true, a low in the middle of July (Bastille Day?!) is also to be considered. Interestingly, an equivalent trough is also predicted by the previously posted time cycles (click above).
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Note: the TOM and end of quarter might create a diversion and give us, in a few days, a false feeling of ‘rebound’.