Wednesday, February 24, 2010

Very Important Market Update!


2/24/2010

Traders,

In the last post we were noting the 1106 level as a decsion point. The levels we actually 1106-1118 noted to our premium members. From that level the market fell for 22.00 points.

We broke through the monthly high trend line and came back to re test it (this is bullish) but what i am looking at is the 1112.75 level. This is not a minor high there are 4 overlapping fib numbers at that level. So play close attention to the next couple of days and if we take out the 1112.75 then the 1147 we could push to the 1233 level.

Rigth now could tell us where the market is going for the next month so play close attention tomorrow and the next day to what the market does.

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Happy Trading,


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