05/13/2010 After Bell Quick Summary

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I’m out of tricks again today. Just see chart below, with long term MMA (pink) still in orderly fashion, it’s rare for the short term MMA (orange) to break through it with just a single shot. So today’s drop is quite normal, I cannot exclude the possibilities that SPY simply back and forth around the current area for a few days before another attempt to break through the long term MMA. So again no clear direction yet.


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