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Allie


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Re: the spx at 904.

 

If you just draw a line on the 15 min. chart connecting the high of the 11th and 12th of Dec. you'll see why 904 is important. :grin:

They already broke through the trendline created by the points you mention. At this point, they are riding that broken trendline downwards. The are sliding down the slope of the trendline.

The trend line is at 904 and declining. If they can't hold above the trendline then it could be a whopsaw!

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Was just out for my power walk. That wasa the 5 hour cycle low just before 2 PM. Unless the 907 retest is fast and they break off hard, the 925 scenario is still in play. I really don't want to see them stay up here too much longer.

 

Which is, of course....

 

irrelevant.

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