Monday, August 9, 2010

Right on the cusp...

I am still short and the price action looks currently right at the juncture between the declining magenta and uptrending green trendline....




Technically though, the juncture is really a few days from now, on the 12th of August at 1124.5 on the $SPX...

You will see a lot of the narrow trading range seen here blamed on 'bots' in the press. The bots are just like everyone else, following unseen trendlines....

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