The Fred Report - Mid Week Update March 24, 2010

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Our first observation is that should the lows of this week be exceeded, we could expect a correction in the market.  Our second observation is that the SPX is getting very close to the 1200 area we have been discussing as resistance for some time and given the short-term overbought condition we are a bit cautious.  We have removed MU at our sell price of 10.45, our short-term target. 

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