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Tuesday, October 27, 2009

Bear Market Indicator

The market rose 65% from SPX 666 to high SPX 1101 on 10/19/09. The moment the market breaks the bull trend line, it is quite possible the market runs for the door. Don't be greedy, if the market breaks the bull trend line, STEP ASIDE IMMEDIATELY.

Today, US Dollar getting stronger, gold getting weaker. China's equivalent of Google, Baidu dumped from 440 to 380 after hours. As I have blogged, I don't think China can save the world yet, and once the greater world realizes this, it won't be pretty.

So another set of charts for your preview. I am once again, loaded up on lottery tickets, SRS, FAZ, TZA, DXD, as well as short a variety of stocks. The market could very well skip up and down to mid November before breaking the two major trend lines.

From WebSufinMurfs FinancialBlog2

From WebSufinMurfs FinancialBlog2

From WebSufinMurfs FinancialBlog2

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