AI
Monday, December 05, 2011 10:00:20 AM
The 200 ma on the SPX sits just ahead, I anticipate we will tag it today or tomorrow maybe close above it and then start a correction. The correction should be underway by Wed ahead of the Euro summitt that will write new treaties, giving the ECB more power over all the countries in the Euro. If this gets put in place it is likely to be very bullish for the market, even if it has resolution problems in future weeks.
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