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bellweather1

05/18/12 2:37 PM

#19085 RE: IIIverson #19084

Basic Technicals:

If you can get your mind off of breakfast for a moment,

it looks like we've just completed the S&P500 correction from the neck of the H&Ss(at 1,358)>>>

target about 1,296.

If you combine that with an sma200 at about 1,280, and the fact that we're historically oversold,

we should bottom and bounce in here in the high 1280s.

However, wouldn't be surprised if we don't get much of a bounce because of the European overhang-

may have to wait till Monday.