The Fred Report - Weekly November 28, 2011

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Short-term indicators support a pretty decent rally here. Indeed, a test of the 122 – 123 area seems likely.  Bonds are forecasting a “surprise” fundamental event that trumps the technical condition of the stock market.  There is a seasonal tendency for agricultural commodities to drop at this time.  Big Energy will outperform the market into the end of the year.

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