10/31/11

Morning thoughts

It looks like 1275 is an important resistance level. Why? Because the S&P 500 bottomed in March and June close to 1275.

Now people are turning bearish, of course. Finding all the possible reasons to explain the decline of the market.

Wouldn't be interesting if the market were to rise to 1350 and fool most of us?

Time will tell, of course.

More details in my The Peter Dag Portfolio and my free educational videos on www.peterdag.com.

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

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.

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