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Portfolio Manager for a Hedge Fund
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Absolute Capital Management
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Absolute Returns
  • Time Price Pattern & Trend - Why the S&P Is Headed Lower Soon 0 comments
    Nov 14, 2009 12:54 PM | about stocks: SPY, QQQQ, SPXU, SDS, UPRO, TNA, TZA, SKF, EDZ, BGZ, BGU, UYG, QID, QLD


    A four way confluence of resistances - trend line, time, retrace and pattern completion from the March lows - dare I say that we are finally close to being done with the sharpest rally of the century?

    Again, fighting the trend is not a wise move, therefore I am leaving plenty of ammo should I be wrong to average / manage my trade.

    But if these indicators hold, then we're looking at a top sometime in the next few days.

    Stocks: SPY, QQQQ, SPXU, SDS, UPRO, TNA, TZA, SKF, EDZ, BGZ, BGU, UYG, QID, QLD
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