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S&P to retest July lows

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    Will the S&P 500 test the July low before heading upwards?I think so.The money injected into the market last year will not be repeated so there is likelyhood that the market will move sideways from here.A worse scenario would be the July low not holding and a lower low found.For the US election the Bush gov. would probably prefer a sideways market which would be neutral and he could play the war card.
 
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