Tuesday, July 22, 2008

2% more

I'd give the indices about 2% more until this bear market rally exhausts or tries to atleast test the downtrend. 11800 on the DOW, 1305 on the S&P and 726 on the Russell. Other levels to watch are 33 for Wells Fargo, 22.2 for XLF (financials spider). Well, oil has seen that mighty fall and if buying doesn't pick up now, we could soon see 100 but I very much doubt that will happen before November.

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