Today XLF broke out to the upside from 2-3 weeks of consolidation after Fed's QE2 announcement. It looks that S&P 500 will break above April high by year end. My previous prediction turned out to be incorrect. Inflation trade is back.
Although big three indexes all broke out, as of Friday's close, they are close to price targets:
S&P closed at 1225, price target 1250
DJIA closed at 11444, price target 11700
NASDAQ closed at 2579, price target 2589
Wednesday, November 3, 2010
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