Thursday, September 20, 2012

Market Magic Report Vol. 3 Issue 3 - 'Back Soon!'

I will get back to this report soon.  I hate that I always get started with these things and never finish up or follow through.  Will get it done this time I hope.

The market is stuck in a rut and really needs a decent pullback before it can go forward.  Investor sentiment is picking up so the market might also.  But look for a pullback before the S&P can break through the 1480 level. 

Some important levels to watch on the S&P are as follows: 1480, 1280, and 1180.  1180 keeps coming up in my readings and that would be a significant pullback.  But I am not looking for that much of a pullback just yet.

Gold should pullback a little more soon, will be a perfect time to buy as gold will be in the $2,500 range in a couple years.  Best thing right now might be to just hold on to your money!  I'll be back soon with more information and market winners.

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