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Friday, June 12, 2009

SPX Daily Candle Chart


Some TA here. But notice the "zigzaggyness" of the rise since 666...indicates that this bear rally is just that: a bear rally that will ultimately fail....
But short term (early next week) it does not look bad at all.

Charts have a lot of notes. Particularly look at the accumulation....it made a new high today. That is not bearish. Lots of budding "BUY" signals...

Monday should be a power move up day to fit the profile of a (iii) of [iii]. Waves say so. Charts do not disagree.
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