SPDR S&P 500 (SPY): $SPX has been bound between the weekly 8...

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PKPet

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Friday, 10/07/2011 8:39:26 PM

Friday, October 07, 2011 8:39:26 PM

$SPX has been bound between the weekly 8 ema and the 144 ma. EOD is exactly at the 8 ema. Next week will tell where it is going. On the daily Arts the slope is moving up. Failure to breakout would show no conviction in this rally.

Peter

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