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Charts 1-17-09



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...Ishould point out the white'average' (the 54 ema) is at 908 and falling!
Here is the potential harmonic patterns that may be setting up with Crude. If they turn the CD leg at the 88.6% retrace then this will qualify as a Bullish Bat with first target at A. If they take the CD leg down to the 1.618% retrace and turn it back up then this will qualify as a Bullish Crab. Crude is also at or near support. These are potential patterns.




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