June 27, 2011

waiting for price to make up its mind and decide where to go. Yawn.

TA guys, what is this, a wedge or something?

spy 6-2011 wedge 1

or like this maybe?

spy 6-2011 wedge 2

6/27:

SPY: -$8568
Hedge: $4103

Spy closed at $127.94. Just under $4 away from the next buy level.

 

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