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Nov 16th, 2009: Morning Update – SP-500 Jumps Over Bear Trendline

Posted by pugsma on November 16, 2009

In a 3rd of the 5th wave move to 1110, the SP-500 jumped over both the Bear Trendline from Oct 2007 and the Point of Recognition Line from Oct 2008.  I would expect the 5th of the 5th wave to take the SP-500 to a target of about 1117.

15-min Chart:

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