Option Traders - Focus On the Range - Not the Wedge.

Like Chinese water torture, bad news keeps dripping on this stock market. It’s amazing that as of this writing Friday morning, the market is still showing a gain for the week. Day after day, new information has been weighing on the bulls. A week ago, news of an Ambac bailout saved the market and sparked a 30 point intraday reversal in the S&P 500 futures. Monday and Tuesday, the market rallied as bond insurers were able to generate enough capital to maintain their triple AAA credit rating. Today, we learned that Wilbur Ross invested $1 billion in bond insurer …
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Original Source

  29 Febrero, 2008| Technical Analisis | @ 23:12

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