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Thursday, January 11, 2007
S&P and Spider Update
Here is an hourly chart of the March S&P futures. I commented on this market this morning.
The S&P's have dropped a tad more than 6 points from today's high at 1435.75 and the Spiders have dropped about 60 cents. I think this reaction is complete and that the market will move to new highs for the day later today or move above today's high early tomorrow.