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ES:

 

10/4/11

12:59EST

ESZ11:

We’re on the border (immediate pivotal supports)

We’re developing coils pointing down

Looks to me like down to 1085.50/1086.00 1st level support not pivotal

Although more likely down to the pivot at 1082.75

Failure to trade above 1096.25 we bungee straight down to 1051.50/1049.00