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Sunday, April 24, 2011
Market Comment 04 23 2011
We find the market back at levels that have provided significant resistance in the recent past. While the market bounce-back has shown this market to be very resilient, we are now at the upper end of the recent trading range. We will need to wait for the S&P 500 to decisively break through the 1334-1336 resistance zone before an all clear signal is given. I will remain defensive until the market pushes through these levels.
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