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...again, a nice retrace over the last few days; although the SPX 500 stuck to the 910 level (until Friday trading in the US), further upside remained unconfirmed by the DOW and consequently:
...getting used to the 'stuffed up' market logic, markets used the ??GOOD NEWS??? (only 524000 - problem over) to drive indexes down, possibly for a re-test of at least ~850, maybe even a re-test of the 20th November low;
...if the 20th. November low confirms, then the current rally will hit it's target zone of DOW ~10000 and SP500 ~1100;
...after that it's the hell out of there...
Kind Regards
Last edited by ananda77; 10-01-2009 at 04:27 PM.
Reason: correction
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