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(8/9/14)
I will be watching the Volatility Index (VIX) closely next week
as it's forming a potential Cup and Handle pattern. If the VIX
continues to trade sideways through the middle of next week and maintains its
Handle then this could set the stage for a quick upside move into the mid
20's. If this were to happen then a larger "abc"
correction may evolve in the S&P 500 with a potential test of its 200 Day
EMA (blue line) which is nearing the 1860 level. 
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