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Nov 11th, 2009: Morning Update

Posted by pugsma on November 11, 2009

The 1105 point of recognition line from Oct 2008 was tested this morning and the SP-500 immediately backed off and attempted to fill the 1093 gap up from the open.  Watch the 1085 to 1090 lower channel line area for support and the alt: iv point.  Or if it continues to break down then the c-leg down could be underway.

5-min Chart:

60-min Chart:

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