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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 36.01-11.1%Dec 17 4:00 PM EST

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From: stan276/17/2009 4:49:12 PM
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Neely

Not sure how his track record is, but his latest comments:

In a public-service statement released today, Glenn Neely announced this prediction: The S&P has formed a major top in June, which will be followed by a large decline, eventually pushing the stock market to record lows for the decade.

In the press release, Glenn explains: "According to NEoWave, a correction began at last October's low; the March-June rally is the final leg of that correction. The March-June rally is now ending, allowing the bear market to resume. During the next six months, the S&P will decline 50% or more, breaking well below 500!"
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