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| NDX100 Daily Close @ 04/19/2012 |
The 50day SMA, coincident with an equal move lower to the Dec 2011 correction @ 135pts, has held the move lower 'in check'.
How much longer though?
A Weekly close Friday below the 2660 level and further losses down to 2550/70 are possible/ probable, yet still maintain a 'bullish' spin to the whole rally from the October 2011 lows; as the move would only be a 38.2% retrace from 2150 - 2795.
