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Touching the 200: Story of the summer?

I take my lumps in public here, so its not red-boarding to point out the sucessful predictions (guesses?) when they actually do occur!

Thursday we briefly touched to 200 day moving average on the S & P 500, fulfilling my prophecy of May 25th that it would in fact be hit this summer.

In May the 200 MA was at about 1240; yesterday’s kiss was at 1258. If the market lurches sideways this summer, we could have many such crossings in the months to come!

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