Crossover

For the first time since late May the 2010 price of SPY has risen above the 2004 price for the same day.    Not much else to say except this latest rally does offer a little hope that we aren’t riding a bear trend into a double dip.

SPY 2003/2004 vs 2009/2010,  click to enlarge
SPY 2003/2004 vs 2009/2010, click to enlarge


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