SPX is approaching its 200 day moving average (1447.72) and the October 2000 high of 1454.82. The latter was a breakout area in April. That zone should be supportive next week. If it isn't, then they are going for the whole 10%. Odds favor a rally and a good swing trade, that doesn't mean the bull will be back on track. August will be a trader's month, not a buy and hold like last year.
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on Friday, July 27, 2007 at 7/27/2007 07:53:00 PM.
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