Sunday, August 12, 2007

patterns: SPY

bear market?

http://stockcharts.com/h-sc/ui?s=SPY&p=W&yr=4&mn=9&dy=0&id=p05799135344

Not only does this chart look just fine -- recent history show buying when the SPY full stochs dipped under 20 was a great entry point. But the stochs would need to come back above 20 first.

Although, of course, every pattern eventually fails...

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