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$ Index, Major Bottom in Place

Discussion in 'Technical Analysis' started by ActionForex.com, Dec 12, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    $ index has finally broken above the ceiling of the falling wedge that has been forming since June (see daily chart below). As been warning, these are seen as reversal patterns that resolve sharply higher, and suggests further gains toward 76.90/00 (38% retracement from the June high at 81.45), 77.75/85...

    complete article here...

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