Tim Haefke, aka TopNotch, calls attention to a continuation trendline coming in today at 1045.20 area. When the housing data came out this morning, the market spiked right down to 1044.30. A couple of seconds later, there was a 47 bid, Merrill Lynch came in and started to buy the market as well. This put in a solid low at 1044.30 at least for today.
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