Slope of Hope Blog Posts

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950 versus 666 for Small Caps

By -

Further to my post of September 15th, and further to Caterpillar Inc's
projections today (Tuesday) for economic growth to be anemic through 2015, if
the Russell 2000 (as represented by its E-mini Futures Index, the
TF)
grew at an anemic rate from here through 2015, we may see price hit
950ish by October 2015 if price remained above the 60%
Fibonacci fanline (broken green line) and closed where it meets the first set of
External Fibonacci and Fibonacci Extension confluence levels, as shown on the
Monthly chart below.

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