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Tuesday, July 20, 2010
Stock Market Outlook
With the sharp decline, and bounce, our stock market models are turning bullish. The long-term model remains moderately bullish. The overbought/oversold indicators have turned from moderately short to moderately long.
In addition, barring wild market action, a look-ahead at the model's signals shows that they will turn from moderately bullish to a medium long signal. Perhaps the summer rally is getting set to start in earnest.