A very bullish view.

U.S. stocks may slip to new lows in the next few weeks, setting the stage for a rally of more than 20 percent in the Standard & Poor’s 500 Index, said Tom DeMark, the creator of indicators meant to identify turning points in the price of securities.

The S&P 500, which closed at 1,204.49 yesterday, will probably drop below the 11-month low of 1,119.46 set on Aug. 8 before surging above 1,363.61, its peak on April 29, DeMark said during an interview in London today.

Let's hope he is right.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

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