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Thursday, January 15, 2015

Funny thing about round numbers


Well, this is weird.

 QQQ keeps bouncing at $100. Bounced again this morning, in fact.



And SPY keeps bouncing at $200. Again, like this morning so it did.

Of course, both those charts make you ask if maybe this third bounce is the last one before a major failure.

But wow, that silly round numbers theory for stocks does seem to show up at spoooky times, eh?

Let's hope my own "the third time always resolves the other way" theory is proven wrong this time.


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