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Dec 14th, 2009: EOD Chart – A Close Over 1113

Posted by pugsma on December 14, 2009

Key close today at 1114.11, with a high of 1114.76.   This signals a significant trend change and means that the 1141 rectangle target should be met in the coming weeks.

I think 1114.76 was the end of wave (1) and we should see some pull-back in a wave (2) tomorrow.  The most shallow would be a 23% retrace for a target of 1108.  Deepest probably a 62% retrace or a 1096 target.

5-min Chart:

15-min Chart:

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