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Tuesday, January 5, 2010

January 5th 2010 1:03 cst

Below is an updated chart of the 30 min SPX.
Key points:
1) break out above local triangle - close today above the trenline will be extremely bullish
2) Notice the stochastics are becoming overbought and we made a new high and staying near this high. This is extremely bullish..

Thoughts - everything still points to 1175...

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