Sunday, January 8, 2012

S&P above 1320 - bull call

S&P is rising up in a very tired fashion. That is why we're
concerned about the lower red trendline getting broken. However
a move above 1320 (+3.3% from here), would cause us to consider
the bull case. The mkt should be bought on a dip here, as long as
the lower red trendline holds. 


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