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SUPPORT & RESISTANCE  |  March 10, 2009
Retail HOLDRS Range-Bound
The next rally in the retail HOLDRS may have been signaled when prices crash-landed into the support made last November. If this level of support continues to hold, RTH may begin a run back to its key level of resistance at $79. The retailers continue to remain range-bound between $60 and $79, and the bulls and bears have clearly drawn the lines of support and resistance.

by Ron Walker

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