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发表于 2010-7-16 07:48 AM
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Why 109.68 is very important on the SPY ...
Have you noticed?
Noticed that the SPY has been stuck for 3 days and moving essentially sideways?
There is a good reason for that and it comes from October of 2008 when there was a huge gap down.
This 109.68 level has been largely unrecognized by many, but none-the-less, it is and has been very important.
Here are the closing values for the SPY during the past 3 days: 109.66, 109.651, and 109.68. Notice that yesterday's close was exactly on the 109.68 mark.
*** So, a gap move at the open this morning would NOT be out of line with the past consistency of the market's action at the 109.68 level on the SPY. |
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