joeracer |
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Friday, March 11, 2005 |
Friday, September 8, 2006 1:25:59 PM |
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I think on the fundemental side we have interest rates rising, inflation rising, unemployment rising, lower consumer confidence and the greenspan replacement issue weighing the market down. On the technical side we have broken through the August lows with all indicators pointing lower. My guess would be the may low being tested by late October. Either way I would be very careful with long positions until we test the july low and then make a call..
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