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There is a chance the current move is large wave B. 60 min charts show more strength than the previous bounce. $rut has a potential double bottom pattern. $cpc does not support 1627 as an important bottom. Overhead resistance comes at 1660 (20 day ema), 1670 (previous bounce high), and 1680-1685 (gap), which happen to be approximately the 38%, 50%, and 61.8% fibs. Charts from http://stockcharts.com/public/3421479 
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