The Market Perspective: Re Reading our Weekend Post

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September 17, 2012

Re Reading our Weekend Post

Monday Sept 17 2012

Note this comment from the weekend update

So it seems reasonable that stocks may well pull back in the early part of the week. Okay I said that twice, just didn't want you to miss that we said it....

That would be my comment!

I thought I had nentioned 1420 as a possible re tracement level. As negative as I am on bonds our analysis this weekend was correct, the stock market is way ahead of its Moving Averages.

More later I am thinking a pullback in stocks might at least cause bonds to move sideways to up another point here, we could have a double three or something in bonds as they are quite oversold here, note that spx and bonds both over threw their bollinger bands friday.

Posted at 04:57 PM | Permalink

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The Market Perspective

Market Commentary by Dennis Elam dennislelam@gmail.com