SPDR S&P 500 (SPY): I just read an article that said TA has...

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Saturday, 06/27/2009 2:33:28 PM

Saturday, June 27, 2009 2:33:28 PM

I just read an article that said TA has not worked in 2009 because of the manipulation from program trading by about 5 or 6 large institutional traders...GS being the ring leader...Anyway I was looking at the 20MA on the CPC chart and noticed in the past whne the 21MA moved up to around 110 to 120 the market bottomed and wpuld turn up...But starting in Oct/Nov 2008, the 21MA went down with the market and now is going up with the market..So another indicator we can throw away?? In fact nothing seems to work anymore...

http://stockcharts.com/h-sc/ui?s=$CPC&p=D&yr=1&mn=8&dy=0&id=p76155453587&a=9815272

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