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Monday, May 12, 2008

SP 500 daily May 12 after hours

we have a few areas of confluence on the horizon. It looks like we might test a little higher to the 24 to 27 range and dependant on volume we could see a push to 1441. This would hit the 200 day moving average and also be a fibonacci retracement.

We shall see. If we get a lower high from here we will test the next level down.

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