The Fred Report - Mid Week Update October 12, 2011
Our accumulation model on the SPY is looking very positive here as well, suggesting that pullbacks, if they occur, are likely to be short, sharp, and quickly retraced. Our thought here is that if we are correct in assuming that the equity markets have hit their lows for the year, corrections will hold in the 113 – 114 area, and this area may not be tested. TLT is a bit oversold short-term and could bounce.
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