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Attached 60 minute chart
shows something which always tickles my gut when it happens. They took the ES
(Dec) down within 4 ticks of the pivot low where the retracement tool is sitting
(at 1303) and held it. This is frequently the first tip-off that a reversal may
be in store. I will be out quickly if price does not follow through to the
downside quickly.
Earl
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