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july
2007 Over
the first half of the month, there was a general feeling of extreme
bullishness. The S&P-500 broke out from a minor rectangle and reached
secular resistance at 1555. After several attempts - over the space of a
week - to break above that level, the index failed to do so and the first
leg of a brutal intermediate correction characterized the second half of
July. Our
options picks division began full operations this month.
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