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Drawing a Fib from 1984 to the peak in July we bounced exactly at a
retracement of 23.6% at 946 on the cash S&P. We may break that
decisively today at the close. If so Fibs would indicate the next
support at 38.2% or 790. That's some lick. But as the money managers
say when you have lost half your money - think of the wonderful buying
opportunity that lies ahead. What are the market timers Models
saying??
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