Here is a little chart-art of the SPX daily. Maybe it is, maybe it isn’t. Either way, the noose is again tightening around the necks of traders and investors are just too scared to do much of anything.
Haven’t you heard? There is a renewed 1979-style malaise, so drop your socks and sell your stocks…
Just kidding…
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Scott, can you add to my discussion on this in the PPT Forum? http://ppt.ibankcoin.com/bbpress/topic.php?id=779