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Friday, November 25, 2011

Black Friday

I anticipate a bounce to the levels of the white rectangles before further selling.
The next major low has a target of 777 SPX.

There is a lot pointing to Fridays low, so a small bounce peaking near the 200 DMA should be seen before this happens.

Moving averages to watch.
  50 Month  = 1260       Weekly = 1266        Daily =  1200     
200 Month  = 1116        Weekly = 1134        Daily = 1263

The Daily 50 is below the Daily 200 and

This week closed at 1153.50 breaking below all the averages except the 200 Month and 200 Week

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Posted by The International Palestine Network - Gaza on Sunday, February 21, 2016