Here are a few of the potential POG turnaround points, and who champions them

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striketheroot2

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Here are a few of the potential POG turnaround points, and who champions them

posted on Sep 24, 2011 03:17PM

1) 150dMA, currently 1572.97, Richard Russell (he points out tested and held 5 times so far)

2) 100dMA, currently 1634.58, Clive Maund (who called this drop in advance)

3) 200dMA, currently 1522.65, the technician's old standby demarcating bull and bear

4) 325dMA, currently 1429.04, a Maginot-like line favored by Aden sisters signifying bull to bear market

Note that we turned almost exactly at #1 above on Friday. But that was before the CME raised margin requirements a whole lot Friday night.