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Dec 16th, 2009: Morning Update – Break-Out and Up !

Posted by pugsma on December 16, 2009

Well, it looks like we have a decisive break-out and up of the rectangle pattern this morning in a strong start to a wave (3).  The SP-500 is currently above 1116, which is up over 8 points for the day.  Target for this wave (3) is in the 1125 to 1127 area.

5-min Chart:

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