SPX Hovering Right Around 1490 Resistance

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November 30, 2007

SPX opened and is hanging right around the 1490 level…actually around 1485. Bears are going to try and short right at these levels. I’m thinking with the Ben/Kohn floor we break through it. I’m only 50% long now in the indexes and thats in the RUT only. I would like to be a buyer of the RUT or SPX today if the SPX falls a little bit into 10:30.


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