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S&P--Friday Morning, May 9, 2008

080509-1004-spdaily.gif

And then taking the actual high last Friday, May 2nd as the delta 1.618 and getting internal fibonacci levels between there and the beta low on April 15th:
080509-1004-spdaily-a.gif

Bottom line, look for real support at 1370 or so.

Posted by Pure Guesswork on May 9, 2008 10:13 AM |

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