Tuesday, July 7, 2009
Markets Need Tangible Proof Now... to go higher says technical analyst Frank Barbera... says much of the recent stock market rally has been based on "green shoots" and "second derivative" hope, but now needs proof of real economic growth... sees S&P 880 level as key support, if breached could go down to 840 level... recommends high levels of cash now to allow re-entering a few weeks down the line... http://www.financialsense.com/Market/barbera/2009/0707.html
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