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Wednesday, November 24, 2010

Wednesday updates!!!

12:02, Updated Dollar chart, so far $80.085 is the HOD, resistance at $80.17 from the previous low. Over-all the up-trend still remains healthy.
The SPX is in a trading range between the 50 day MA, and the 20 day MA, the bulls need to get the price action above resistance of the 20 day MA to have a shot at making new highs.
Click here for a live, and updated chart!!!
7:28, Odds are still favoring the SPX to be tracing out a "B" wave which can take multiple forms, from a simple zig-zag, to a complex corrective. The Dollar made another higher high overnight at $80.085 then reversed and is currently down at $79.515.

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