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Thursday, July 21, 2011 7:52:17 AM
Below 1228 SPX put on the bear claws
3 line break is lining up... Bears should want a couple more weeks of consolidation above 1300 SPX. The Fed did their QE stuff before when we had the double dip scenario, look at the last consolidation move and QE in Sept 2010... QE3 is on the table, but may not have any effect this time... rock and hard place with the Fed now
3 line break is lining up... Bears should want a couple more weeks of consolidation above 1300 SPX. The Fed did their QE stuff before when we had the double dip scenario, look at the last consolidation move and QE in Sept 2010... QE3 is on the table, but may not have any effect this time... rock and hard place with the Fed now
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