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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (146)	4/12/2008 9:28:32 AM
From: Stoctrash	Respond to of 3209

SPY forks : 130 Spy test looks in the cards...big move did materialize per yesterday. Note the bear still in control via the Big Aqua blue. ...see if we gravitate towards that 131-129 area going forward near the upper tine. That would confirm this bear is mean and ugly, imho. Watch the light orange & purple - holding here would be a win for the bullish case. Holding 133+- area by end of next week would be impressive. Next week Id look for : 1)Filing gap at ~132 -- auto pilot bounce zone. 2)Waterfall if 130 area does not hold. 3)Bullish if we meander near 133 area.. fwiw..anyone who bought the open on the April Fools breakout is now underwater in SPY and QQQQ if they held.