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Wednesday, October 14, 2009

Market movements

Until the market breaks out of the range I posted in "Key levels to watch", I will post a series on inflation/deflation and various definitions, to culminate/articulate final position on the topics.

Intel earnings are good news, their gross margins are up. This should rocket the markets higher. SPX 1120 is target, as mentioned earlier. If we end on a high note Friday, keep in mind it's option expiration week.

This may be the final parabolic blowoff, who knows what level that will be. The blow-off may end once the market gets concerned over the dollar breaking into new lows.


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