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Wednesday, October 13, 2010

Wednesday 10/13/10 wrap up

ES is solid up, both hourly and daily.

ES looks like it might extend up.  Using fibonnaci and based on the "1 or A" leg marked on the chart we've surpassed equality to that leg Tuesday, the next target would be 1.618 times that leg, which is ES 1239.

All though still technically in up mode, the EUR continues to look wobbly on both the hourly and daily Trend/Osc.

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