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Tuesday, August 9, 2011


This Bullish Harami requires confirmation from a candle closing above the opening price. These Andrews Pitchforks appear poised for a bounce, but new highs are not likely. While technically we can not call this a Bear market just yet; it seems obvious the trend has turned.
My target is marked by the yellow oval.
I expect the Bears will continue to take the market lower from this target area and continue to follow the green forks lower half. 
I place less importance on the Yellow Fork

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