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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Saturday, June 6, 2009

S&P - A/B Scenario with a Democratic twist

Scenario A has the Bulls rallying from the Open Monday breaking out of the 880-950 range and the inverted H&S formed over the past 6 months. Month end Target of 1050.

Scenario B - Ted Kennedy provides the "Nail" for the Bears to hammer the coffin of the Bull rally:

"Kennedy bill would make employers provide care":

http://www.charter.net/news/read.php?id=15597453&ps=1014&srce=news_class&action=4&lang=en&_LT=HOME_BUNWC00L4_UNEWS

Market opens lower and solidly back into range of 880-950. Hits 920 in first hour of trading.
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