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I hope it's ascending triangle. need wait and see.
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Nothing new in Europe.
Eurostoxx50 and dax made a new high after Greece request for a six month delay (good news) and German Finance minister said : NO (bad news).... so still going !
Yeah, this is what I don't like about trading SPY— You're basically counting on everyone in the world not to do something stupid. Tough bet.
I have such a hard time seeing why Greece matters, except contagion— and the others, Portugal et al seem to be lining up with Europe. So what's the problem?
gap down 3 days in a row, if today still up, then this bull is invincible. I kind doubt if today still up.
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I was waiting to go long with finger on the trigger and then wham. I am guessing that was Philly Fed. Another hour and we get the EIA petro report. Then, maybe the European Finance Ministers will go to the bars and I can go long for an hour or two.
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this rebound shall have legs. guess it'll test blue line above eventually.
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