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Friday, October 1, 2010

The only trendlines that matter

There will be bounces and pull backs along the way. But the blue triangle is the only that matters. We will be going back to test the bottom of the triangle some time in the future. There should be a significant break of the triangle one way or the other.

Weekly SPY chart:
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1 comment:

  1. DiogenesOctober 1, 2010 at 7:03 PM

    Yeah, I think in the same way. Its good to look in the far past to see real tops and bottoms. But still we dont know where its going to move. My opinion is that its going to go up not because of rising economy but because of cheap money printing more and more

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