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S&P 500 – 09-26-2007

Wow, another day in this tight little trading range. It’s almost starting to get a downward bias which would make it a flag, a continuation pattern that would be bullish right now. If we really break out over 1540 I’ll be bearish on the economy still, but you really can’t trade against momentum and that would definitely be a confirmation of a (temporary) continuation of the bull market.

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