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could be a big reversal day...


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#11 A-ha

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Posted 02 February 2007 - 02:53 PM

break below SPY 144.6 will unleash something that will not stop till the last tick at 4:00 ET

#12 arbman

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Posted 02 February 2007 - 03:00 PM

If that rally in the 30 yr bond materializes, look out below for both the USD and the equities, eventually the bonds will sell off, but probably not before a month. By the time everything is said and done, I suspect the market will deliver an either inverted or flat yield curve for the Fed by the March meeting, so this gives plenty of time for the decline... - kisa

#13 spielchekr

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Posted 02 February 2007 - 03:03 PM

$SPX hasn't closed below the 10:45 AM prices (Rydex AM closing time) in I can't tell you how long. If it does, that would be a correction by today's standards.