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Charts 3-30-09

Why the bounce at 775.50? Take a look at your daily charts and notice the initial move from the peak thurs(830.50) . Fridays low was 809.50. 830.50-809.50=21 and 21x 2.618=55 . subtracting 55 from 830.50 gives the initial move projection of..... 775.50!!!

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