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Our research draws its market bias from a combo of Fundamental and Technical evidence. Economic and earning trends are matched against our analysis of price and volume charts, giving us an indication of how friendly or unfriendly the market is behaving. The goal is to identify top growth stocks... More
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  • A Little Rain For The Bears 0 comments
    Oct 19, 2010 6:10 PM | about stocks: DIA, SPY, QQQ

    The major indexes all experienced heavy selling Tuesday, putting the 50-day moving averages in play as support.

    Bears have been waiting a long time for a significant correction. The fact that the day marked Distribution, where volume outpaced yesterday's, suggests institutions are taking cover.

    We're going with a Yellow Flag Buyer's Caution bias in light of this selling. We want to pay close attention now to how recent leadership holds up to better guage the prospects of this being a mild pullback or something more significant.

    Stay tuned,

    Stocks: DIA, SPY, QQQ
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