Wk38: Market Recap

28 Sep

We remain bullish on the weekly chart of the top line figures. The head and shoulders pattern formed between November of 08 and July of 09 had roughly a 250 point range on the S&P therefore the target is $1200 on the S&P to be completed within approximately 8 months after July 09. We have seen lower volume on this rally a sign that buyers are still hesitant.

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