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08/11/2009

Target Levels?

Now that the market is starting to behave a little more agreeably (although our paranoia about the final 90 minutes should remain firmly intact), I've got a couple of rough targets of support for the S&P 500 - and they're simple to remember - 950 and 875.

0811-spx

950 marks a trendline as well as a breakout level, and 875 is a retracement level as well as the cursed neckline of the failed July H&S.

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