The FRED Report

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The Fred Report - Weekly May 14, 2012

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Trading could be choppy and difficult, and we would still like to see one more thrust to the downside, into our target area of 134 - 132, to complete the pattern.  Accumulation models for the TLT remain weak during this rally, suggesting that a sharp decline is due.  GLD has come down but the accumulation model is rising, so we expect a turn from this 150 area.


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