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Written by Steve Meyers
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Thursday, 09 September 2010 11:22 |
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Take a good long look at this chart. We have gone nowhere since November 2009! Yes, plenty of ups and downs. Perception is that the market has gone up big time. With all the money we have burned through and have very little money left, how likely is a rally? Approaching the top of a trading range high to drop down again. Eventually a catalyst will drop below the neckline to give us a quick washout. (IMO)
Click on the image to the right to view the full-size chart.
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Last Updated on Thursday, 09 September 2010 11:37 |