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Thursday, March 10

Stock market in danger territory. Correction takes over.

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%.

 

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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:

Blkbird said...

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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