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S&P



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RTs:

Looking for rally in S&P, followed by significant downmove. Will watch DJIA
and Trans. Index for continued confirmation of bear. We've made a
significant 20 period low for the third time without breaking support and a
move above 1090 (SPU8) is short term bullish. After that will wait for
highs to be put in for short opportunity. If new highs, that changes outlook.

PG