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S.P. mini's: Corrective move complete?

 8/19/09

2:15EST

ESU9: Took profit on my long position.

 Now

Short from 997.75

I had expected this corrective move up to terminate at 1002.25.

Now we wait and see.

If we fail to reach 1002.25 it immediately increases the downside compression and creates a large extension to the downside.