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Reply #6: What? [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

Statistical

(1000+ posts) Send PM | Profile | Ignore

Fri May-21-10 08:47 AM
Response to Reply #4

6. What?

Watch for a Friday rally as the bottom feeders come in and the market finishes off the week pretty much where it began.

The market began week with S&P500 at 1140 it is 1060 now. It would required a 7% rally to get back to where week started.

Right now the market is moving sideways and has been for the better part of a year.
What sideways market? It has been pretty much a downward move since the peak @ 1219. We have fallen 13%. Generally a move of +/-10% isn't considered a sideways market.

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