Egypt is Egypt & the Market is the Market
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SPY 20 Day, 2 Hour - 1.31.11 - World Affairs Aside, the Trend Continues UP! Intermediate term the SPY is in in Mid-Stream. The Green Line is the 20 Day Moving Average, Considered by Many as the Holy Grail.
SPY 5 Day, 15 min. - Bounce Off of Support with New Potato in Formation. Those Pictures formed by the Moving Averages are the Potatoes. All Down Potatoes Lead to Up Potatoes and All Down Potatoes Lead to Up Potatoes. So the Secret is to Always be on the Right Side of the Potato.
SPY 2 Day, 15 min. - Contrary to the Conventional Wisdom that the Market does not Like Uncertainty, the Move Today was Bullish. The Problems in Egypt and the Middle East have been Shrugged Off as Either Resolved or of Little Short Term Concern. This May Still Come Back to Haunt Us.
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