The Fred Report - Mid Week Update March 7, 2012

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We continue to look at 132 – 130 on SPY (SPDR S&P 500 Trust) as a reasonable objective for this down-move, while acknowledging that it might be over now.  A close below 89 on IYT could imply lower prices on the SPY.  We will wait for a new buy signal on GLD before adding positions.

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