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Dec 28th, 2009: EOD Charts

Posted by pugsma on December 29, 2009

Looks like an end of day back-test of the broken rising wedge.  I’d expect more weakeness to follow today’s price action in a complex corrective wave (4) down to the 1115 to 1119 area.  The 1115 area would be a back-test of the large ascending triangle break-out point.  Also, the ending diagonal deep wave (4) correction to the 1103 to 1105 area is also still on the table.

1-min Chart:

15-min Chart:

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