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There is symmetric wave support for the SPX at 1366 which
corresponds to a 38.4% retracement. Support on either side of
this level exists at 1352 and 1380. If I had to guess, and I do
every now and then, this range of support looks like the levels
we are heading towards for this leg down.
Regards
Ned Markson
http://www.erols.com/cnedgo
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