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Thursday, September 11, 2008
Up to 1230-32, then ?
The last three days each saw a substantial early break from the opening price. Today the market opened down 17. I think today we are in the process of rallying from the open, but at the moment I think the best the market can do is reach the 1230-32 zone. After that I'll take a look at the volume to see what will follow. In any case I am sticking with 1195 as a likely downside target for today or tomorrow.