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Thursday, May 23, 2013


The house of cards should tumble once the major support at 1595 is broken.  The market may have climaxed.  The pink orb shows the area of converging lines and Fibonacci ratios.  It would be the ideal area to climax, but there is still a possibility of one more attempt to break 1700.  Once the collapse begins it will be brutal.  I'm quite certain we will be looking for targets in the 1530 and then 1480 areas in the not too distant future.

Mel passed away today.

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