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Tuesday, September 27, 2011



The Bears are salivating over this long wick.  This pattern is weak,but confirmation will come from a close below 1175.50.

1194.75 shows up again as significant.

The major trend  remains down. I'm showing the levels of support below today's close.  I fully expect them to fall very soon, but if the Bulls break above the 50 DMA, I'd be looking at 1230.75 and 1246.75 for resistance.

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