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What would it take to break the current uptrend?

In Pure speculation! on 15 March 2010 with no comments

Since February 5th the market has obviously enjoyed a ripping rally, tempered only today by a small pre-Fed retreat. What would it take to declare this rally done for?

I’ll offer my best guess, based on the lower trend line drawn above: Somewhere under 1130 on the S&P 500, or another 13 points or so as of this writing.

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