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Wednesday, October 28, 2009

Wednesday Updates

SPX is sitting on a very important trendline of support now!!
Update, 9:56, The SPX has broke below the 50 MA
Update, 9:05,The Renko chart is also counting out really good and clear today. SPX is testing the 50 day MA, and the VIX has not yet broke through trendline resistance.

*Russell just broke the October 2nd low, that eliminates some of the bullish options!!

This count is still holding up, breadth at the time is bearish, 3:1 decliners!!

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