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Sunday, April 6, 2008

last rally to 1431 or a fall SP 500

Looks like we are approaching the turning point for this market. Our area of resistance is holding and there could be another push up to 1431. If it does this we can consolidate higher. The charts are showing a more likely scenario of a drop to 1257 to test the recent swing low and if support doesn't hold we could see another 100 point correction.

We shall see,
always trade with stops.

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