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Dec S&P



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Well my target of 1147.80 was hit this week.  It would take a 71 point
move on the down side to make the daily chart negeative short term. This
week the overbought situation has been mostly cured.  My next targets on
the upside are1160.90, 1169.6, 1177.70.  Lets see if they are as good as
the previous 3.  Short term momentum indicators are overbought and there
could be a retracement into the 1130 area.  Ira.