SPDR S&P 500 (SPY): Knickle: I'm geting better at keeping m...

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Re: knickel post# 111182

Monday, 03/28/2011 8:26:11 PM

Monday, March 28, 2011 8:26:11 PM

Knickle: I'm geting better at
keeping my bias out of my conclusions and letting price action rule regarding "predictions". I think that looking at this chart it is clear that a drop is/was imminent. Note especially the role $NYADV:$Vix plays as a signal of direction. The 1284 mid-channel and 1249 bottom channel lines now seem to be a realistic target as determined by price action.
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=2&dy=0&id=p19324091772&a=228728808&listNum=7

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