Thursday, July 26, 2007

Stock Market Update

The S&P's have broken well below the 1500 target (149.00 in the Spiders) and didn't stablize as I thought they were doing in my earlier post.

I conclude that the futures are headed for the 1465-70 zone and the Spiders for 146.00 - 146.50. From there a rally of 30-40 points in the futures should be the next development.

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