S&P kept out of my MOBO bands since breaking out of it on Tuesday. We are continuing this down move to my target at 1080. I do not think the S&P is ready for a down move below the Feb 2010 lows. This will be around 1050. I believe this is just a correction in the big rally from March 2009. We should be making a new irrational high before this rally finally ends.
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