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Thursday, October 20, 2011


It's obvious - If Price breaks 1220 we may pop like a cork
White lines show support and resistance levels
My long range forecast
Still looking for this little pop, but I don't think this will lead to a breakout.
The next rally will start from 1185 area of support as shown above.

The lower chart shows extended trading hours and I placed the target near 1220 due to the trend line that appears to be developing.  But 1215 will offer a lot of resistance.  

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