DeMark Says S&P 500 May Peak Above 1,250 This Week, Decline 5.6%
S&P 500 may advance as high as 1,254 before falling at
least 5.6%, technical analyst Tom DeMark wrote in an e-mail today.
rally should squeeze short sellers and exhaust late buying: DeMark; The rally
should be fast.
DeMark's prediction last month that the S&P's decline
would stop at 1,076 proved prescient, it bottomed at 1,074.77
produce sell signal today by closing above its Oct. 12 close of 1,207.25,
marking 9th consecutive day the benchmark exceeded its final price four days
Close above 2-mo. high of 1,224.58 reached on Oct. 14 would "perfect" the sell setup:
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