AI
Saturday, May 05, 2012 3:00:13 PM
SPX SPY Outlook I: the long term is slightly lower within a wide range. The 4.5 yr MA shows the combined influence of everything longer, such as 9 and 18 year cycles. With the recent high in 2007 of 1576 as an anchor, the channel boundary is approx 1425 on the high side and 750-600 on the downside. IMHO it is suicide to be bullish.
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