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Friday, October 2, 2009

Support Broken, Market Going South

The nightmare probably comes to the end now. US indices Dow and S&P 500 broke their support level with a big black candle.

As for Dow, it -203 points, at its trendline support/38.2% fibonacci level. Watch out see if it rebound from this level.

S&P 500(SPX)drop to its support level 1030 too. Over take its previous low, Now I'm switching to south.

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