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Update

randholm
March 12, 2012 3:41 am / Published in Market Update

Update

 

Not really much different going on here. The bearish short term scenarios are either a) a B wave has completed and we can expect another retest of 1340 or b) we’re going to get a triangle pattern, with a C wave completing somewhere between 1350 and 1360. The bullish scenario would require price to break above 1375, and would mean we have one more minor 5th wave to the upside, which would most likely project above 1400.

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