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 Richard Suttmeier is the Chief Market Strategist at www.ValuEngine.com. ValuEngine is a fundamentally-based quant research firm in N ewtown, PA. V aluEngine covers over 7,000 stocks every day. A variety of newsletters and portfolios containing Suttmeier's detailed research, stock picks, and commentary can be found http://www.valuengine.com/nl/mainnl  T o unsubscribe from this free email newsletter list, please click http://www.valuengine.com/pub/Unsubscribe?  November 2, 2011 – Year End Tradi ng Ranges A ppear To Be Set On February 18 th ValuEngine showed slightly more than 65% of all stocks being overvalued, which was a ValuEngine Valuation Warning. At that time less then 35% of all stocks were undervalued. Similar readings corresponded to market highs on May 2 nd and in mid-July. At the October 4 th market lows ValuEngine showed than 93.5% of all stocks were undervalued. The Dow Industrial Average peaked at 12,876.00 on May 2 nd and bottomed at 10,404.49 on October 4 th showing that you can time market highs and market lows using fundamental data. In- between these extreme levels my annual pivot at 11,491 has been a magnet tested numerous times. This why my year end forecast includes the prediction that we have set both the low and the high for the year with the upside potential being my quarterly risky level at 12,507. Year end trading ranges have also been set for the other US Capital Markets. 10-Year Note – (1.978) Daily, weekly , semiannual, quarterly and annual value levels are 2.177, 2.191, 2.414, 2.669 and 2.690 with a monthly pivot at 1.963 and semiannual risky level at 1.672. My monthly pivot was tested on Tuesday and 1.672 was tested on September 23 rd . Courtesy of Thomson / Reuters

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Richard Suttmeier is the Chief Market Strategist at www.ValuEngine.com. ValuEngine is a fundamentally-based quant research firm in Newtown, PA. ValuEnginecovers over 7,000 stocks every day.

A variety of newsletters and portfolios containing Suttmeier's detailed research, stock picks

and commentary can be found http://www.valuengine.com/nl/mainnl 

To unsubscribe from this free email newsletter list, please click

http://www.valuengine.com/pub/Unsubscribe? 

November 2, 2011 – Year End Tradi ng Ranges A ppear To Be Set

On February 18th ValuEngine showed slightly more than 65% of all stocks being overvalued,

which was a ValuEngine Valuation Warning. At that time less then 35% of all stocks wereundervalued. Similar readings corresponded to market highs on May 2nd and in mid-July. At theOctober 4th market lows ValuEngine showed than 93.5% of all stocks were undervalued. TheDow Industrial Average peaked at 12,876.00 on May 2nd and bottomed at 10,404.49 on October4th showing that you can time market highs and market lows using fundamental data. In-between these extreme levels my annual pivot at 11,491 has been a magnet tested numeroustimes. This why my year end forecast includes the prediction that we have set both the low andthe high for the year with the upside potential being my quarterly risky level at 12,507. Year endtrading ranges have also been set for the other US Capital Markets.

10-Year Note – (1.978) Daily, weekly, semiannual, quarterly and annual value levels are 2.177, 2.1912.414, 2.669 and 2.690 with a monthly pivot at 1.963 and semiannual risky level at 1.672. My monthlpivot was tested on Tuesday and 1.672 was tested on September 23 rd .

Courtesy of Thomson / Reuters

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Comex Gold – ($1720.6) Semiannual, weekly, semiannual and annual value levels are $1644.8,$1537.5, $1469.9 and $1,356.5 with my quarterly pivot at $1738.4 and daily and monthly risky levels

at $1793.5 and $1821.50, and the September 6

th

all time high at $1923.7. The year’s low was $1535.0set on September 26th. 

Courtesy of Thomson / Reuters

Nymex Crude Oil – ($91.30) The October 4th year-to-date low is $74.95 with my weekly value level at$86.38, monthly and daily pivots at $95.67 and $97.06, and quarterly and annual risky levels at

$100.34, $99.91 and $101.92. The high and low for oil happened on the same days as the Dow withthe high at $114.83 per barrel on May 2nd.

Courtesy of Thomson / Reuters

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The Euro – (1.3705) Weekly, and quarterly value levels are 1.3319 and 1.2598 with daily, monthly andsemiannual risky levels at 1.4047, 1.4568, 1.4752 and 1.4872.

Courtesy of Thomson / Reuters

Daily Dow: (11,658) My annual value level is 11,491 with weekly and monthly pivots at 11,694 and11,928, and daily, quarterly and annual risky levels at 12,238, 12,507 and 13,890. The October 4th lowwas 10,404.49 with the May 2nd high at 12,876.00.

Courtesy of Thomson / Reuters

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S&P 500 – (1218.3) The October 4th YTD low is 1074.77 with my annual pivot at 1210.7, monthly andweekly pivots at 1229.3 and 1231.9, and daily, quarterly and annual risky levels at 1278.6, 1303.7 and

1562.9. The YTD high is 1370.58. My annual risky level is 1562.9.NASDAQ – (2607) The October 4th YTD low is 2298.89 with my annual value level at 2335, monthlyand weekly pivots at 2636 and 2686, and daily and quarterly risky levels at 2735 and 2807, and theYTD high at 2887.75. My annual risky level is 3243.

NASDAQ 100 (NDX) – (2298) - The YTD low is 2034.92 with a monthly value level at 2294, and dailyweekly, and quarterly risky levels at 2393, 2394 and 2440, the YTD high at 2437.42 and annual riskylevel at 2590.

Dow Transports – (4766) The October 4th YTD low is 3950.66 with weekly and semiannual valuelevels at 4739, 4335 and 3868, and daily, monthly, annual and quarterly risky levels at 5019, 5034,5179 and 5359, and the YTD high / all time high at 5627.85 on July 7 th.

Russell 2000 – (713.93) The October 4th YTD low is 601.71 with weekly and monthly pivots at 713.93and 739.80, and daily, annual and quarterly risky levels at 766.80, 784.16 and 802.96, and the YTDhigh / all time high at 868.57 on May 2nd.

The SOX  – (374.05) The October 4th YTD low is 322.24 with a monthly value level at 339.47, anddaily, weekly and quarterly risky levels at 400.63, 398.86 and 417.63, and the YTD high at 450.79.

Equity Fundamentals – Stocks are extremely undervalued.

• 81.6% of all stocks are undervalued / 18.4% of all stocks are overvalued. On October 4 th 93.5%of all stocks were undervalued.

• All sixteen sectors are undervalued, fifteen by double-digit percentages. Four are undervaluedby 20.8% to 25.0%. Back in March 2009 the sectors were undervalued by 33% to 45%. – Check out and subscribe to www.ValuEngine.com.

VE Morning Briefing – If you want expanded analysis of the US Capital Markets including a FearlessPrediction of the Week and a Stock of the Day go to this link and sign up:http://www.valuengine.com/nl/mainnl?nl=D 

ValuTrader Model Portfolio – If you want to learn how to “Buy and Trade” use this link and sign up:http://www.valuengine.com/nl/mainnl?nl=V 

ETF Weekly – If you want my Value Levels and Risky Levels for 30 Electronically Traded Funds usethis link and sign up: http://www.valuengine.com/nl/mainnl?nl=U 

ValuEngine FDIC Evaluation Report – In this report I slice and dice the FDIC Quarterly BankingProfile. We publish a ValuEngine List of Problem Banks in this publication:http://www.valuengine.com/nl/mainnl?nl=C 

Definition of MOJO – This is my term for technical momentum. I use what’s called “12x3x3 slowstochastic readings” from daily, weekly and monthly charts. The scale is zero to 10.0 where above 8.0is overbought and below 2.0 is oversold.

Buy and Trade Strategies for Long Positions

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•  Value Level – The price at which you establish an additional long position on share priceweakness. This is done on a GTC Limit Order to buy weakness to the Value Level. 

•  Risky Level – The price at which you remove a single long position or reduce a multiple 

long position on share price strength. This is done on a GTC Limit Order to sell strength tothe Risky Level. 

Buy and Trade Strategies for Short Positions

•  Value Level – The price at which you remove a single short position or reduce a multipleshort position on share price weakness. This is done on a GTC Limit Order to buy weaknesto the Value Level. 

•  Risky Level – The price at which you establish an addition short position on share price strength. This is done on a GTC Limit Order to sell strength to the Risky Level. 

Richard Suttmeier

Chief Market StrategistValuEngine.com(800) 381-5576

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Send your comments and questions to [email protected]. For more information on our productsand services visit www.ValuEngine.com 

As Chief Market Strategist at ValuEngine Inc, my research is published regularly on the website www.ValuEngine.com. I have daily, weekly, monthly, andquarterly newsletters available that track a variety of equity and other data parameters as well as my most up-to-date analysis of world markets. Mynewest products include a weekly ETF newsletter as well as the ValuTrader Model Portfolio newsletter. You can go tohttp://www.valuengine.com/nl/mainnl to review sample issues and find out more about my research.

“I Hold No Positions in the Stocks I Cover.”