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Thursday, July 9, 2009

The Last Straw

SPX( it's the symbol for S&P 500, in case you are new to it) hit an intra-day below its critical support 878 and struggling grabbed its last straw, with the close just above it--879.56! A brilliant move? I'm amazed with all these figure.



It's starting to feel like each day is three steps forward, two steps back. There's progress -- and profit --for everyday, all effort to paid for catching the correct move then sit on hand to wait... just 90 minutes before close, the big boys step in, and push the index higher, a nice double bottom formation. My expectation is, there will a bounce coming...let's face it, stocks never be one straightline down.



And, Have you ever seen the ICE melt? Here it is:

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