
The market no longer struggles with the 50dma, and the 5 is above the 50.... soon the 10? then the 20?... LONG ROAD TO HOE before the 200.....
I still get a 132.50 target.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Thursday, August 14, 2008
50 MA and the SPY
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