11% Retracement Coming for Dow, S&P: CEO

5:00 AM ET Thu, 30 July 2009

"We believe there's going to be a W-shaped recovery, particularly in the equity markets, and we're now on the top end of the middle part of the 'W'," Emily Saunders, CEO of Sanders Financial Management, said Thursday. "We're looking for an 11% retracement of the Dow and the S&P."