Friday, May 18, 2012

Potential Market Rally Target

Found this great chart posted by Rick Xiphos (@Xiphos_Trading).  He's an excellent technician and gives an upside target of ~1487, contingent on closing above 1286.  Should give the bulls some optimism, especially after the last few weeks.  Like they say, buy when others are selling, buy when there is blood in the streets.  We've certainly seen plenty of both.

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