Monday, February 14, 2011

Relentless Market

There is no end to this upward move! Where are the support points now. Let's look at the chart:




The strongest support level is actually around the 50% retracement point at 119 or so. Then there are 3 minor ones around the only small technical pullbacks of the last 6 months (unreal!). 2 of them are around the 126 level which is one of the Fibonacci levels as well so that would be the first logical stop for a correction.

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