SPX -- Pros and Cons
There are those calling for a higher market-Pros. There are those calling for a lower market-Cons. List your Pros and Cons. And (just because is not a Pro)...
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Comment by PT on June 21, 2009 at 11:02am - Cons: Bonds are stuck in a trough and ready to run higher.
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Comment by Draino76 on June 21, 2009 at 3:33am - Cons; The Fed has to protect the value of the USD and their debt, and you can't do this with a rising stock market.
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Comment by PT on June 19, 2009 at 10:51pm
- the 1st wave should take us to 8000 on the dow, then a bounce to 8250, then from 8250 to 7500
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Comment by PT on June 19, 2009 at 10:43pm
- shooting star/inverted hammer indicates a trend reversal and the subsequent barrier (blue resistance lines) we should start a decline Monday and target SPX 780-800 ish IMO)
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Comment by Schweizer on June 19, 2009 at 5:40pm -
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Comment by Mike on June 19, 2009 at 12:38pm - CONS: P&F Charts: SPX Bullish Percent Index-Overbought,, SPX Triple Bottom Breakdown--Government run Financials
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