Friday, January 29, 2010

1/29 MC Update

The ideal MC target was 1079 SPX by 1/27 Low, the actual Low was 1 TD later by 1/28 Low at 1078.46 SP.

The 8/16L-11/2 Channel support remains intact and we have broken above the steep down channel.

We should now see an oversold rally and then another down into February.

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