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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 (50639)	5/22/2013 4:01:03 PM
From: sandeep	1 Recommendation Read Replies (2) \| Respond to of 219585

All spx did was hit 10 day ema.

To: GROUND ZERO™ who wrote (50639)	5/22/2013 7:42:35 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 219585

I just reviewed the monthly Bollinger Bands and PSAR for the past 10 years on the SPY.. Right now both the BB channel and the PSAR uptick line is sitting at 1290. The history seems to indicate that the SPY tends to descend to that lower BB and "flip" the PSAR.. (PSAR data is on my Scotttrade Elite platform.. but here's the monthly from Bigcharts.. bigcharts.marketwatch.com I realize that we have apparent support at 1600 or so, but we need to consider the possibility that deflationary forces will take back ground, and that this could be the start of a larger move to the downside.. Bernanke is gone at the end of this year.. He's a lame duck and the Fed hawks may be more inclined to force his hand and pull away the punch bowl more than he would like.. I don't see them terminating QE, but I don't see them increasing it either.. So that means less easy money to push the market even higher.. Just my .02 on it.. Hawk