"If you find a path with no obstacles, it probably doesn't lead anywhere." Rev. Sunnan Kubose
Tuesday, August 25, 2009
Sentiment
Look at the spike in Call buying over Puts. Also, the indicators that smooth out the daily movements suggest an important turn area... but that spike in the dailies is huge.
August SPX highs were @ 1018. Below that and we may have a 'fake out' rather than a 'break out'.
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