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Tuesday, October 1, 2013


Yesterday I showed an initial narrow downward blue fork and introduced this gray fork with the premise that a breakout may occur.  The blue fork served us as an immediate channel, but it appears this gray fork will prevail,
Strong support from the upward blue fork held the bears for now, but the bulls still have to break through resistance near 1710.  I feel that the market will range between 1668 and 1710 while traders decide. 

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