The Fred Report - Monthly February 2011
The forecast test of 130 on the SPY has occurred, and we have fallen sharply from that area, on news of possible regime changes in the Middle East. Such a surprise, when the indicators suggest the market is vulnerable, often leads to a sharper correction than would otherwise occur. We have felt that the biggest opportunity of 2011 would be a buy signal after a correction, and it is possible that the correction has started now. If so, indicators will become more oversold than they have so far.
To gain access to the members only content click here to subscribe.
You will be given immediate access to premium content on the site.