As discussed yesterday, the daily market chart has turned down. The weekly chart is still
positive, but may well be tested right ahead. $SPX weekly
At this point, with no new insights on the technical front, I am content to let the forthcoming
action play out for a week or two and move on to other matters.
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I understand that the capital and commodities markets are critical tools of price discovery, but
today's arguments and handicapping of the quake / tsunami in Japan was appalling even by the
Street's very low standards.
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