Tuesday, October 20, 2009

10.20.09 - A Baked Cake?


Maybe to a degree. Price has faded hard from the open, but is holding in well at the five-day moving averages of the SPY and QQQQ. IWM isn't fairing quite as nicely. As we are discussing in the chat-room, we are all now conditioned to buy into the close in-spite of the dour internals. How long until that Pavlovian evolution proves fatal?!

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