100% Hedged: *1258
...the market missed overhead resistance *1261 to leave the 24 October 2011 up-trend High *1257 as a top in place - at least near term - heavy selling pressure followed the intraday High *1254 that closed the index *1229 - below the 3 August 2011/17 October 2011 key resistance *1233/*1235
...the expected larger pull-back to re-test the *1220 key support appears to be underway, supported by the number of very large stocks only leading strong stocks by a very thin margin
...chances are, the market will pull lower to the 21 October 2011 Low *1215 with downside potential reaching out to the 20 October 2011 Low *1197/18 October 2011 Low *1191
Kind Regards
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