Tuesday, June 21, 2011

Almost Too Predictable

After a methodical run up this morning, the S&P 500 has stalled at the way too predictable 1295 level as I type.  Would seem far too simple and easy to simply stall out here and reverse down, right?  Maybe we break north to the 1300-1307 area over the next 24 hours ahead of The Bernank just for old times sake.  Then we can start talking of the upteempth "V shaped" bounce.

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