Friday, July 2, 2010

SP1150 in near future

This is just my thinking, not advice.  If you want to make money do the opposite.  I'm looking for a return to SP1150 starting near 7/2/10.  If I see any strength by the close I may buy some TNA or BGU.  An extended trendline from the January highs through the May lows may provide support.  Also, the McClellan Summation Index is showing positive divergence indicating more stocks are advancing than declining relative to the June lows.

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