Loading ...All the signs are there pointing toward a correction. The charts are screaming over bought conditions no matter which analysis you use! The reverse saucer is so distinct that even ET who phone home about it. The low low volumes (besides merger/bailout issuance) are clear indications that prices have gotten way ahead of itself. Than Europe credit issues are once again immerging inadvertently strengthening the dollar. The question now is will everyone who is short the dollar be squeezed like puss filled whitecaps? The reverse dollar correlation still holds, so a strong dollar is bad news for equities.
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