Wednesday, January 20, 2010

The New Normal?

I'm not so sure -- but it does feel that way -- doesn't it?  Notice on the SPY chart below how we have moved from nice oscillating (if highly time extended) trend cycles to choppier ranges.  The "New Normal"? 

Hard to say for certain until we finish sorting out this earnings cycle.  Speaking of which, Thursday will be a huge day for that.  Look who's on deck.



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