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I don't see the fundamentals (real economy, fiscal, monetary) improving to support a channel breakout within the next 6 months.

What do you think?

Just adding my two cents,

the fiscal policy tightens up front. The American Taxpayer Relief Act raises taxes on just about every tax payer.

I still think this year the FED stops or slows how many bonds it is buying in the open market.

And gasoline prices may spike more so if we threaten Iran more so. That might only be temporary if at all, but higher gasoline prices would take a lot out of an already bad economy.

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