DailyMarkets.com - SP500, Classic Patterns Tend To Remain Classic And Correct

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SP500, Classic Patterns Tend To Remain Classic And Correct Posted: 26 May 2012 10:46 PM PDT The SPY (SP500 Etf) monthly chart is showing a classic bearish pattern. Rising prices with falling volume. Any reader of the classic Edwards and Magee knows that this is not healthy, and it can end in many ways: (1) Smash down or (2) trickle sideways or (3) another low volume rally (remind you of 1987 does it). It does not mean tomorrow is crash Monday (knock on wood), but it does mean caution is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Draghi, The Last Domino, Falls Posted: 25 May 2012 12:15 AM PDT As expected, the Latin quarter of the eurozone ganged up on Germany on the issue of eurobonds, but Angela Merkel stood fast. But Germany is becoming increasingly isolated. The WSJ report that Christine Lagarde of the IMF came out in support of the concept of eurobonds: International Monetary Fund head Christine Lagarde Tuesday called on euro-zone governments to accept more common liability for each other’s debts, saying that the region urgently needs to take further steps to contain the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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