Bulls want to close SPX at or above 1514, but just holding the 20 DMA at 1507.50 was an important victory today. The housing numbers this morning quelled any nonsense about rate hikes. We need to repair some technical damage in techs and financials, so let's see if buyers regain more confidence on Tuesday. The wall of worry is alive and well.
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on Friday, May 25, 2007 at 5/25/2007 01:11:00 PM.
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