FutureModern Finance

Monday, June 29, 2009

Summer Rally?

I remain bullish. The market has worked off the overbought readings on the 50 day percent indicator and while we could see a 2-5 day pullback in the thin pre-holiday trading, the market looks poised to move higher.

Percent Above the 200 day and 50 day Averages
Click to enlarge
Posted by George at 11:20 PM

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