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Near-Term Targets

5. March 2009
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The ES made a perfect 618 pullback to 942 area and it's been all down hill since then.   This gives a potential target of 662.50 that we are nearing. 

 

Zooming into the most recent fall, we made a 50% pullback form the recent high and fell.  The .236 target caused some pause in the market, but only a short while.  The 1:1 target is very near the target in the above chart. 

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