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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (89572)	8/9/2009 6:28:58 AM
From: ayn rand	Read Replies (1) of 94695

Can the S&P 500 Handle 1200? This is a logical place for the market to retreat. But will it? Ned Davis Research -- whose determination that what it calls the "monster rally" would continue was cited here three months ago, when the indexes were 10% lower -- figures the brighter investor mood isn't yet enough to puncture the overall positive trend. NDR has even floated the idea that the S&P, now at 1010, could approach an overvalued level near 1200. Tough as it may be to place much faith in such a target, the 1200 level is of particular interest and importance. That's about where the market was when Lehman Brothers failed. online.barrons.com

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