They had this great Technical analysis. the guy pointed to the head and shoulders(shown in green), and pointed to that it should move the spx to the 850 level in the next few weeks. The funny thing about this kind of TA.
The problem is that then you create a possible head and shoulders at that above yellow level. Well that yellow level takes us to 550. Well.... Then you break the red one.... Unfortunately this takes us to a Negative level of 50.
I guess we all better get short.(this is supposed to be humor)
Wednesday, September 17, 2008
I love Euro Squawk
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