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06/02/06
15:20
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This morning was and the high today so far was my perfect number to sell on.
I always allow 50% plus a point or two and that is what it was.
After a pull back to 4870 SPI which is the major support because of all the highs and lows it was a buy there, until broken.
Another upside barrier at SPI 4900 at 61.8% and a number of lows there. NOt saying it has to get there.
If it breaks above that then the probability is new highs.
Shorter term indicators suggest upside or sideways for a day or two although we do have a one or two sell signals that can't be ignored completely.
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