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Wednesday, September 8, 2010

XLF bull flag

The markets are trading exactly as I've mapped out for you guys. If this continues, expect a move up tomorrow in the markets. SPY $112.40 is the level to short. But $113.20 is the major line of resistance and it is EXTREMELY important that the bears hold it.

If $113.20 is broken, $115 SPY will be next.

If GS, JPM, and MS all reach their 200-daily moving averages, together, you need to short the market.

Bull flag in the financial sector:

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