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New York trader: This level will KO bears

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Lately, a bear on Wall Street might as well be located in Pamplona, Spain. If you go back a week or so and 100 handles in the S&P 500 cash and look at the top headlines they were all negative:

Greece in limbo...

No bottom for oil...

Ukraine about to escalate...

Not to mention earnings here and there starting to feel the pain of the strong dollar.