INITIATE OR ADD TO SPDR S&P 500 $SPY

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This post was just published on ZYX Short Change Alert.

Consider adding a 5% tranche to SPY in the zone of $164.90 to $166.  Those not in the position obviously may consider entering a larger tranche in the order of 15 to 20%.  Due to high volatility, no stop for the time being.  Target depends on Bernanke’s press conference which is still in progress.

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