Holding the current high is key, but breaking over 1130 could push us higher another 10-13 points.
As you can see with this chart below, all the topping processes since the April top have been very choppy.
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Thursday, September 16, 2010
Market Update - 9/16/2010
The choppy action over the past few days could be a slow topping process, similar to the ones we have had in the past. But at the same time, I think we do have one more squeeze possibly coming.
Holding the current high is key, but breaking over 1130 could push us higher another 10-13 points.
Breaking below 1100 will most likely start the new downtrend.
As you can see with this chart below, all the topping processes since the April top have been very choppy.
We may get a pop or two breaking above, but I think on a closing basis we are in this range for a few more days.
Holding the current high is key, but breaking over 1130 could push us higher another 10-13 points.
As you can see with this chart below, all the topping processes since the April top have been very choppy.
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