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SPY seems to be consolidating right over the 21-day EMA
Needs time to build strength before breaking out of this range.
The biggest clue that the market wants to go up is the EEM. On the big down days, it doesn't get hammered near as hard.
Despite all the "scare" days.
NY Composite Summation Index has gone virtually straight up since the October lows, and is now at the high end of the range.
If it turns down and the SPY breaks down badly below the 21-day EMA, then all bets are off.
you really should get out from time to time. You will see that some fresh air is very effective for bringing you back to reality.
Look at that extended necklline and the 200 day MA
Big Jer blew boysSo let's wear blue, boys!
Bearish on any modern US university degree. College debt bubble next big pop!
Gonna kick back and watch the game with a "Sandusky" - any 10 yr. old scotch with a splash of hot water
i think it depends on how you keep score, at this point
what are "earnings" and what are they "worth" for the now-different S&P?
in early 2007,
so people hafta think for themselves, b/c the banksters keep moving the goalposts!
i don't think that graph is any kind of "adjusted dollars", but dollars have been thru some amazing adjustments!
if you figure the dollar has lost 10% since 2007, the S&P E = ~ <$100
lost 25%? : maybe earnings ~ $80; and if you don't trust the accounting, maybe you should knock a coupla more bucks off the advertiZed numbers
along with the never-ending clown shows, bankster frauds, and reorganization of rules and continents, everybody keeps lying about everything, so, place your bets!
looks like a double top to me, could be either.
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