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Wednesday, June 30, 2010

Are We Going To Double Dip

Are we going to dip? The quick answer is no I do not think we will. At least at this time we have no technical analysis that takes us down to 660 on the S&P again. There are two head and shoulders patterns in this video and the first takes us to the July lows around 860-880 and the second, which has not completed the right shoulder yet, would take us to around 950. We have officially made a lower low but if the next high is higher we could be turning back up.
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