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Wednesday, October 26, 2011


As mentioned in Friday's Post 1220 was an important level for the Bulls and it is now the level the Bears need to break.  The market has been open for 20 minutes and has built a support level near 1230.  With the 100 DMA playing a roll as well.

Of course it can go either way but the trend line from 1068 on 10/4 is still intact and so I'm leaning toward Bullish.

The battle ground is between 1245 and 1220, so it's a wait and see game at the moment.

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