Thursday, 9 July 2009

S&P500

While people marking ‘yes, we camp’ on the hills, the G-8 summit started in L’Aquila, Italy. Young Berlusconi choose the ruins of an earthquake as a glossy scenery, as this was Hollywood while people are camping since April in tents and other temporary shelters and the Italian population is getting mad because nothing is done so far. No insurance payments, no reconstruction, etc.
Discussing climate change seems a little obscene these days…

Our quadruple point-and-figure bottom candidate is no one else than the S&P500 SPDR (ticker: SPY) himself



The 60-minute renko chart is already down some sessions, however the daily chart is on the verge of breaking down too.


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