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S&P 500 Slides Out of Price Channel Breaking Through Price Support

Thursday, 08. December 2005

futures contract could not hold 1265 price support level. Volume was a mere 160,000 contracts which has been averaging 800,000 contracts. This negates the significance of this move and points to volatility ahead. Short term indicators are in sell but the more important long term indicator is buy which is what our bias remains. No where near selling this market at this time, but that could change quickly......


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