It looks like the Bears have gone out of their caves, and they are winning this battle. Based on charts alone, the DOW looks set to correct another 3% to 5%.
There were many bad news lately. Gadaffi is still a pain, and China trade deficit… US trade deficit…
The global recovery is halted again.
Collect profits, and wait for the correction.
1 comment:
It hasn't broken anything yet on the weekly charts. But a correction would be healthy. Plus I have a boatload $$ I want to throw in the market so this correction would help.
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