Monday, August 3, 2009

S&P 1000 - dollar wacked

Well, as I expected the rally in the S&P is looking to squeeze up to 1000 or higher here. A part of this is being driven by the dollar dropping. The commodities are working today as well. Sorry for the limited posting lately, but I have been out of town quite a bit.

Where will the rally stop - seems like there may be some more squeeze power left from where I sit, but a lot of shorts will line up at S&P 1000 that is for sure.



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