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Wednesday, January 30, 2013


The 1490 - 1520 target has been attained and the candles are bearish.  Look for support near the 20 DMA 1477 and then 1440.

There may be one last advance toward the upper limit of my target zone, but a retraction to or through the recent gap should happen soon and with a strong downward force.

The market is extremely over bought, consumer confidence is high, and retail trading has been strong.

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