Sunday, August 2, 2009

Retracement expected


Market Position: Neutral-Bearish




A pause in the rally is expected; SPX target is 940-960 (close 987), Nasdaq target is 1900-1940 (close 1979), for a 4-5% correction. Bear market rally targets remain at SPX 1100-1200 and Nasdaq 2050-2100.


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