Equities have broken out of a lengthy consolidation phase, which is very bullish. The fall
in the dollar has only helped. Nothing has changed: Precious metals and miners continue to outperform.
The dollar is due for a bounce and stocks are due to decline. Nothing has changed...the best odds are to be in precious metals because even a bounce in the dollar may not bring them down.
MIDTERM ELECTIONS: historically the market rallies BIG time out of this. The only problem I see is that the market is rallying into it. I think it is prudent to expect some selling heading into November because of the uncertainty behind these elections. If the GOP can capture a win here, I expect the market to exceed the previuos high.
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I have some good hard evidence where APOL will be trading, next 3 month's....
ReplyDeletejust keep in mind, APOL's low is when STRA bottoms too.
APOL revised target price is $48, long entry is 33-35, see details here!
http://zstock7.com/?p=3497
zstock
Great statement
DeleteHi Tenyear
ReplyDeleteWhen will u be back?I miss reading your comments.
Hey Sam...I haven't been trading much. When I am I am usually at Z's site. But I can't acccess his site. Once in a while I'll comment over at Brinkleys site.
ReplyDelete...there probably won't be much tax loss selling this November because of the large gains in the market since early 2009. However, a pullback is due right now.
Bears typically own Thanksgiving and Bulls own Xmas.
Hi Tenyear, check your yahoo email account....I think I figured out why you can't post comments at my site..
ReplyDeletezstock
Or you can call this number 1-877-586-2772 and get your IP address unblocked...for zstock7
ReplyDeleteThanks Z...I'll check it out!~
ReplyDelete