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The S&P 500 closed at its highest level in 13 months. During the day, we got as high as 1105.37, but we haven’t been able to hold 1,100 going into a close yet. The S&P 500 was down slightly yesterday but the Dow was up. In fact, the Dow has been up every day this month.

I still cling to my Humpy Pattern Thesis. This chart below of the S&P 500 CLEARLY shows a rising pattern of surges—humps if you will. I have no idea what it means for the future but I’m passing it on to you.

Posted by edelfenbein at November 11, 2009 5:29 PM