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Published on Oct 14, 2011
http://www.SP500Chart.com looks at the S&P 500 chart after the close on 10/14/2011. More surprise strength from this market. I see two levels where we should now see a downturn. Short term bullishness could set up a longer term bear market while a short term bearishness could set up longer term bullishness. As if this wasn't screwy enough already.