SPDR S&P 500 (SPY): Banks just broke out of a 2month trading...

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Re: None

Tuesday, 09/09/2008 1:01:57 AM

Tuesday, September 09, 2008 1:01:57 AM

Banks just broke out of a 2month trading range thanks to the Bailouts. ~364 is the 200dma. That looks like pretty tough resistance. Since banks lead the markets that will be an interesting point to watch.

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