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Thursday, April 15, 2010

Well This Is Very Interesting

The ED count on the SPX had a very large overshoot today. The count is hanging on by the skin of its teeth as far as viability goes. We need a large down day tomorrow or the count is done.

But I was just looking at the ES, and the move stopped almost perfectly on the trendline.

Don't know if this is foreshadowing or just consolidation. We will see in the morning.

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