Thursday, October 12, 2006

Chart: $SPX: Are We Ready for a Pullback?

Take a look at the S&P 500 ($SPX) over the past 3 years. It cant' be this easy, can it? The envelope suggests you buy at the bottom and sell at the top of the envelope. The market looks overbought and ready for a pullback. A break of 1325 might be a good short opportunity.

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