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TOPi - Support 28,260

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DEP
Super Contributor
... will TOPi Break support 28260 (i.e. close below)?
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7 REPLIES 7
Shard
Super Contributor
My magic 8 ball says yes
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DEP
Super Contributor
Wow Dow futures plunged 120 points after job report. Blood on the street! Topi down below support!
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Not applicable
TeaLeaves>>:TOPI support breaks down at 27900.= NEW P&F sell signal.The FINI sees a breakdown at 7950.= the same.So,fellas and felladies as the moon covered the sun over Norway for a partial eclipse recently, so it will be for sub 27900 TOPI....partial erasure...a KLAP! in the Face of the Longs.And >>> QE3 will come along when the Wall Street banks have covered all their Shorts."Thanx,Uncle Ben!".Anyway,I see Short-pants on and Isometric warm-ups,as at.May your trading plan be with U.
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DEP
Super Contributor
KEY: S&P 500 breaks support ... all hell will be let loose!
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shizz
Contributor
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Rams
Super Contributor
interesting chart pattern on TOPI,28000 to 28160 support on TOPI which is 61.8% of the April high.But if trades below this level, then interesting pattern forms......next support is at 26681 which is 100% retracement of the April high and 50% retracement of the FEB high!!! Waves.....even more complicated.....TRIPLE FLAT CORRECTION will take the TOPI to 26681....(any rally at 28000 will then be followed by the final decline of wave y of Z ....we now in wave a of Z).According to the waves, indicators(ADX,MACD), moving averages in both the daily and weekly charts, the 26681 support level is likely in the medium term. However trading up from here will consolidate the BULL trend started in August 2010!
0 Kudos
Rams
Super Contributor
interesting chart pattern on TOPI,28000 to 28160 support on TOPI which is 61.8% of the April high.But if trades below this level, then interesting pattern forms......next support is at 26681 which is 100% retracement of the April high and 50% retracement of the FEB high!!! Waves.....even more complicated.....TRIPLE FLAT CORRECTION will take the TOPI to 26681....(any rally at 28000 will then be followed by the final decline of wave y of Z ....we now in wave a of Z).According to the waves, indicators(ADX,MACD), moving averages in both the daily and weekly charts, the 26681 support level is likely in the medium term. However trading up from here will consolidate the BULL trend started in August 2010!
0 Kudos