20% Hedged: *127
...the SPX 500 settles above the 25 October 2011 High *1258 to close *1261 - ready to take on the 1 August 2011 Low *1273 - 4 October High *1267
...the Institutional Index 'Core' holding sits smack on its neckline support in tune with long term liquidity inflows sitting neutral between contraction/expansion - institutions remain in accumulation - the faster rise of the very strong stocks versus strong stocks suggests a positive bias - however, strength still in negative danger zone
...as a result, the market, in a show of strength, needs to move now decisively, with a Close above the 1 August 2011 Low *1273 - 4 October High *1267 to remain on track to challenge the 2011 Top *1376
Kind Regards
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