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bellweather1

10/23/12 10:28 AM

#23295 RE: vidpok45 #23286

IBB-

If you look at this Index, it appears to have just about completed a correction off of a head and shoulders top(neckline=141, about 148, predicted correction(148-141)=7, correction bottom(141-7)=134; today's low 134.87. This also corresponds to the sma100(135).

However, it's not quite there yet, and these things tend to overcorrect.

Rough Trade...