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(market) S&P 500 analysis - part 1



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<DIV><FONT face=Arial size=2>I would like to compare my analysis with others 
from list. I meant&nbsp; to share this over the</FONT></DIV>
<DIV><FONT face=Arial size=2>week-end...but was delayed.</FONT></DIV>
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<DIV><FONT face=Arial size=2>First the longer term....I use the monthly charts 
as my focus period.</FONT></DIV>
<DIV><FONT face=Arial size=2>This chart is a monthly bar chart, and it has been 
in congestion since December of last year. </FONT></DIV>
<DIV><FONT face=Arial size=2>The higher boundary = 1496.5 and lower = 
1327.&nbsp;One of two things will happen now... either the market</FONT></DIV>
<DIV><FONT face=Arial size=2>has already created the Monthly high, or it will 
move lower and then reverse to make the monthly high</FONT></DIV>
<DIV><FONT face=Arial size=2>later in the month. This may seem elementary...but 
what&nbsp;am I&nbsp;really saying? If my analysis is correct,</FONT></DIV>
<DIV><FONT face=Arial size=2>then&nbsp;this bar&nbsp;that is forming will move 
lower from here!!&nbsp; So the trend (or price movement) from here should be 
down.</FONT></DIV>
<DIV><FONT face=Arial size=2>&nbsp; I will continue with the next 
post.</FONT></DIV>
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