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Friday, October 1, 2010

Friday updates

9:18, Up volume(green line) is still dropping like a rock, and once down volume(red line) over takes up volume, momentum will shift to the bears.
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8:08, The SPX for the last couple of weeks has churned out a mess of corrective waves that can be interpreted in many ways, more important then the counts right now are the previous highs and lows of support and resistance. If the SPX can start making more lower lows then the 1-2 down count holds. Also there are gaps down below that would loved to be filled.

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