1. S&P - 800
2. Dow - 8,000
3. Transports - 3,000
4. NASDAQ Composition - 1,500
5. NASDAQ 100 - 1,200
6. OEX - 400
7. Gold (spot price) - 900 (Resistance)
These levels must hold for the "Bulls." If not, the "Bears" will take firm control, and prices will be significantly lower. Once again, our long-term investors remain in cash per our original sell signal in "January 8, 2008." No, that is not 2009. January 8, 2008 is the correct date that my readers moved from equities to money market instruments per my Exponential Moving Average strategy.
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