The Fred Report - Weekly September 26, 2011
Stocks have declined into the price area we have been looking for to create a tradable bottom and some choppiness and up and down action are to be expected over the next week or two. The TLT risk remains – weekly and monthly indicators remain overbought, sentiment remains elevated, and accumulation models, though improved, do not support prices at these levels. We would use this move down as an opportunity to move back to an equal weight position in gold from the slight underweight we have been recommending for investors.
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