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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (42604)12/26/2012 11:52:56 PM
From: Copeland  Read Replies (3) | Respond to of 221124
 
Looks like we're going to fall off the cliff. Guess the tape (and Intrade) was right after all.

nytimes.com
politico.com

Obama's the clear winner. He gets his tax hikes, he gets the spending cuts that he wants (mainly defense), he gets Medicare costs temporarily under control by reducing pay to doctors by 25%, and the media will make sure that the Republicans take the fall. It's brilliant politics.



To: GROUND ZERO™ who wrote (42604)12/27/2012 7:03:32 AM
From: Vendit™  Respond to of 221124
 
My take on the $SPX looks like another day of the same....lower. MACD fast and slow lines look like they will confirm a longer term down trend today.

Once again I am not saying that this cannot turn or show signs of a bottom forming but that is not the case as of yesterday's close.