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Wednesday, October 3, 2012
Trade Guideline For Thursday
Another consolidation day on Wednesday with a bullish bias. For Thursday key level to watch for is Wednesday's swing high.
-- A sustained break above Wednesday high could trigger short-covering rally, targeting 2838 then 2853 area.
-- Below Wednesday low implies it is going down, first target is FT Pivot 2806, then 2890 and 2782
Chart of US Monetary Base
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