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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Wednesday, July 13, 2011

still do not see $spx above 1370

just a wishful talk from bernanke about more stimulus. imho, it will not come.
during 6/27 fomc news conference, bernanke said the risk is too much (inflation) for qe3, and the benefit is too little (job craetion).

i see spy should be trading below the mid blue pitch fork line, then heading much lower.

"VOTE" for more charts.
next two important system charts will be loaded when "VOTE" reaches 130.