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Re: None

Wednesday, 10/12/2011 8:16:32 PM

Wednesday, October 12, 2011 8:16:32 PM

Post# of 1796
There will be a few more weeks of rallying here. I'm holding my $11.55 shares and waiting for the $15 range resistance. I would not be surprised if FAS touched the 200day MA. It looks like we are going to be rallying for at least a few weeks here - and this is a great broad spectrum bank play.

All the banks, the S&P, and FAS have broken their downward channels to the upside on the daily charts. Banks are oversold, despite their problems.

Check out all the indicator curl-ups on the banks, S&P and FAS.