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ES: Top in Place

9/21/11

ESZ11:

Top in place

At 1194.75/1195.00 we fail (if we get there) more likely only up to 1189.75

Then down to 1169.25/1168.00 bounce

Then down to 1160/1161.25 bounce

Then down to 1148.50

Below 1181.50 (120m 1 bar) actives the downside momentum