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Is The Bull Market On Its Last Legs?

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The Summer Games

Five Colorful Rings

Ah - the Summer Games 2012:

Gymnastics
Track & Field
Boxing
Cycling
Central Banking
Sovereign Debting...

From my perch, it appears Spain is approaching what will hopefully be its last pivot lower through the range. This comparative work picks up from where we last left off two weeks ago in Groundhogs in July.

EKG of a Bust
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SPX 2009 Chart
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No pain - no Spain.

 

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