Monday, June 13, 2011

A Sharp Rally Could Begin At Anytime

The % Stocks Above The 50ma indicator has reached a seriously oversold level.  A very sharp rally could begin anytime.  The most likely initial target for the rally would be the 50d ma's.  For the SP500 that would be around 1317 to 1327 which is 45 to 55 points higher.

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