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Halfway Bounce

by Online Stock Trading on September 28, 2009

As expected, SP500 e-mini’s have stalled at their 50dma, and are bouncing.  Take note of the double bottom, which then pulled back slightly.  Always wait for entry signals.

E-mini’s can trade up to the 1064 area, and still be viewed as bearish bigger picture.

emini-092809

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