The Fred Report - Mid Week Update December 1, 2010
The set-up for a yearend rally in December remains intact, and this rally should start relatively soon, we think as early as today, but certainly by Friday. TLT has rallied into the projected resistance area and staged a reversal day on Tuesday. This suggests choppiness and consolidation could occur in the interest rate markets. The dollar has rallied into the middle of our projected target range and is overbought.
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