Jeff deGraaf: Bounce Phase to S&P 500 1,100

By on October 28, 2008

Today on CNBC Jeff deGraaf, the number one rated technical analyst for 4 straight years by Institutional Investors, said he sees the market rebound continuing following today’s 10+% rise in the major indices. However, deGraaf does not believe it is the beginning of a bull market. deGraaf pointed out that the “weakest hands” had been selling the past 2 weeks.

Marker: Dow 9,065

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