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Nov 16th, 2009: EOD Charts

Posted by pugsma on November 16, 2009

Check my afternoon update for my current thinking. 

On the 5-min chart, it appears this wave may have one more push up tomorrow into the 1115 to 1120 zone.  There is strong support now between 1100 and 1105, so breaking back through to the downside may take most of this week.  As I warned on Friday, OPEX weeks have been bullish since the March 2009 lows.  So why would this week be different?

5-min Chart:

15-min Chart:

60-min Chart:

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