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Monday, September 14, 2009

Russell 2000

I will be paying a little extra attention to the Russell 2000 today, as the area from 600-605 is approximately where the 50% retracement level is from the 2007 to the 2009 low. I have a range here with 600 at the top, 588 at the bottom, and 594 right in the middle, which is where we are now. If the market decides to roll over, i suspect it will tip it's hand here first.

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