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Wednesday, February 23, 2011



11:50 ET
1308 was on my charts even before we peaked at my 1343 target, and here we are. Now there are three possible downward forks.

An upward turn here would fit the Fibonacci ratios I've been using very well.

A move above 1322 will ignite probabilities of 1358 as the next target.  Otherwise the Bears will take control and the 1283 - 1270 region will look attractive

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