10.23.2012

1420.00 hold or not?

A good bounce was seen when the index registered a lower low at 1422.06.
I will maintain the views of multi-zigzag correction from the high Sep.14 as long as 1420.00-1425.00 could hold. It means a continuous-bounce may target 1460.00-1463.00.
If bulls can not hold 1420.00 today, I suspect that the prices will go to test the MA-200 at around 1376.00 in next few days.





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