Slope of Hope Blog Posts

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Back on Script (by Springheel Jack)

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Well I led with the TRAN chart yesterday morning and we saw a perfect and strong reversal at wedge resistance there yesterday. I have wedge support in the 4750 area, though that might not be reached of course, and I think this is most likely the key chart to watch for a signal as and when this retracement on  equities finishes. Meanwhile we are now firmly back on my original script for the post QE3 announcement retracement:

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