The FRED Report

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The Fred Report - Weekly November 29, 2010

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Stocks have come down a bit, and the daily indicators have been reloaded enough for a yearend rally to start at any time.  Note that on a closing basis the MDY is within approximately 7% of its all-time closing high in 2007, and that the QQQQ is within approximately 5% of its 2007 closing high.  The TLT has fallen to our 96 area and is etching out a likely bottoming pattern.


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