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发表于 2009-5-14 03:06 AM
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We have had a distribution day yesterday and SPY closed at 88.68. According to the +0.2 and -0.6 rule, we are likely looking at a range of 88.88 to 88.08. The futures market appears to be moving up (as European market has been trading up), it looks like we will be gapping up this morning and should be expecting an intraday reversal, probably sometime in the afternoon. Given that this is the first distribution day for a while (after many accumulation days), I'd say the prices are likely to close a lot lower, and very soon. |
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