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楼主 |
发表于 2012-8-2 11:01 AM
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The two pics above is the first reason I feel no good about bulls.
For the second reason, if you look at spy chart, you will find highs on 4/2, 5/1 and 7/30,making the 7/30 high the third attempt to create new high of the year. But as to today's price action, it apparently failed the test. A failure of the third attempt to new high usually will lead to a reversal.
The third reason is the macro fundamental of US economy does not support to create a new high above SPY142 level at this moment. |
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