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Wednesday, December 12, 2012


The market turned at the top tine of this blue fork.  Three times has this fork been tested. A small parallel fork within a larger fork has developed.  I don;t know what will happen, but a break below 1422 would send fear into the heart of the Bulls.  1422 was the target I previously named.
I have marked these support levels with rectangles.

A close below 1428 SPX would cause the candle sticks to wait for a bearish confirmation.  It's a bit mixed right now, and a large decisive move up or down may help indicate the future direction of the market.

So let's wait and see which way the market breaks

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