Pause around current level at first, but definite upward bias.
Tuesday, December 25, 2007
Market Outlook SPY for Dec 26th '07
Pause between current level and 150.
Overall situation unchanged: if 150 holds, interesting pattern to develop over the next week, leading to possible breakout situation.
Market Outlook NDX for Dec 26th '07
NDX should pause somewhere around current level (could maybe go a little higher and hit 2140).
Overall situation is largely unchanged: trading range with upper bias.
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