Wednesday, July 22, 2009
7/22 Upper Levels broken
The upper levels for the DOW and S&P metioned in this weeks newsletter were both broken on a closing basis yesterday..( DOW 8900 and S&P 950). While this is great news for bulls, in a perfect world I would have like to see the market consolidate some gains BEFORE making these news highs. Charts look great but the breakout will not be a AAA quality.
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