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US Equities Test Key Support
The S&P 500 dropped briefly below 2,100 testing its 50-day moving-average and the Russell 2000 and S&P MidCap 400 both broke below their 50-day moving-averages. But remember, Greece is irrelevant and any correction is a healthy buying opportunity...
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BTFD
It's key support in a lot moar ways than just the 50 DMA
As fast as possible, as much as possible.....
Time for a "Greece is saved" headline.
Right before the Greece is fucked headline.....
If you don't buy this fucking dip, you've not been paying close enough attention the last few years.
why do I feel like I've been here before
Draw comfort and strength from the familiarity.
Watch those Bollinger Bands, mark my words.
Buy hand over fist!
If you lose money, i'll wire my entire live savings to you. Which is worth...a few worthless bars of gold and silver?
Buy hand over fist!
If you lose money, i'll wire my entire live savings to you. Which is worth...a few worthless bars of gold and silver?
You are doing better than me, my life's savings are in Beanie Babies.
They even have the tags on them yet!!
Yay! Only 30 or 40 more days like this, and I'll be back on top with UVXY!
Called the bottom, on the nose. Well done.
Why 50 DMA?
I have extensively back-tested the 43 3/4 day harmonic exponential weighted geometric moving average and have found that it predicts trend changes with stunning accuracy 45.6% of the time compared to only 43.77% using the 50DMA.
Fischer working standby on the buy button ready to hit a home run for the donkeys.
FUCK YOU 50 DAY DMA!!!! BASTARD!!!
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