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S&P 500--Possible new downside target: 580-590

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1.618 delta target was 745.10, low in final sell-off was 746.15, before bouncing a little at the close.

This morning the market opened up but found resistance at yesterday morning's support around 775. Since then we have sold down to the region of yesterday's close.

Posted by Pure Guesswork on November 21, 2008 10:29 AM |

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