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Tuesday, August 24, 2010

SPY Daily Chart w/Today's Intraday Prices


-SPY continues its decline, and the pace of the decline is shown by the narrow trendlines. I would also use the top of the this narrow trendline or 108.6 level as of today's date as my profit stop level for the current bearish position.
-Implied Vol on SPY options is up 2 pts. to 26 at this moment. This is higher than the Estimated Future Volatility Indicator's value at 24.23.

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