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Friday, April 30, 2010

SPY and GE - Update














GE is in a wide trading range, that could a nice pick'em a go play. Attempt to retest the 18.90 and 18.50 level again, but three times, could it be a charmer.














SPY cleared for the downside move and may cont. pattern on Monday, as Greece will have the bailout info this weekend, maybe. Will have to see if this will be the start of some needed correction in this market. We normally, have been getting 8% pullbacks. Market still will test 118.25 support level, which is still key level . . .