Wednesday, December 28, 2011

Looking for 99 SPY once 122ish breaks...

Once they finish trying to break the 11/11/11 11:00am highs (line chart) and it rolls back over, I expect support to fail near the 122ish area and then a quick take down to the 99ish area.....   this would make sense as the same deflationary spike trade would take GLD down to 120ish...

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