Wednesday, October 07, 2009

$SPY

2 comments:

realdrewrrr said...

I spy with my little eye, something that is....RED!

Yes, watching Barney, Sesame Street, Tigger & Pooh, etc., etc. with my 2 yr. old daughter is starting to have an effect on me!!!

pythagoruz said...

Nice chart, big S&P headwinds here...

Lately every time I look at a long term chart like this one I think to myself, that is a nice looking rising wedge. It sorta looks like a gigantic bear flag too, but the scale is so huge! Could this really be just a bear market correction? A 50% rally?!?

I'm gonna keep calling this a cyclical bull until we break 950, IF we break 950.