Monday, September 13, 2010

Bouncing Back

It is still early but we may have been right on our call of August 12, 2010. The S&P500 index held its ground at around the 1050 level (closed at 1047.22 on 8/26/10) and since then, in nearly four weeks, it has gained about 6% from those lows.

Technically, I could see a continuation of the uptrend for at least the next quarter. This may be a good time to pick up some bargains.

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