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- 1260 Broken on S&P 500
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Could be the day we have the panic; current S&P 500 1253. Natural gas finally breaking down - Ultrashort Oil & Gas (DUG) finally working, etc. Generals being hammered everywhere. Good things to finally form a bottom. It will be ugly if this continues but the type of cleansing we have been waiting for…. have puke bags at the ready.Financials ARE holding up (relatively speaking) as are retailers in general - so this is classic repeat action of previous “rotation” corrections. So a swoosh does not necessarily need to happen for market as whole since we are smoking out all the “hiding place” sectors, one by one….
Original Source: feeds.feedburner.com
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3 Julio, 2008| Fundamental Analysis |
@ 7:03
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