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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Johnny Canuck who wrote (45836)	8/28/2009 6:38:04 AM
From: Logain Ablar	Read Replies (1) of 68226

Hi Harry: Been on vacation and from what I've seen in northern New England the recession is taking a toll on the vacation spots (at least the restaurants, golf courses, etc. where the consumer uses discretionary income.). I was off the beaten path, not near the top tourist spots so not sure how valid a sample. I doubt the consumer is increasing spending this back to school season but time will tell. I see the NYSE BP is now at 80 (this is the highest reading looking back on the stockcharts site going back to 1990). The COMP BP is at 72. Both still in x's but high. One would expect at least a pull back at some point.

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