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To put aside the validity of the article's conclusion for a moment, take this quote:
Jun 26 15:18 pm
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All Comments by bds231 »Is the Equities Party Over? [View article]
"[the DJIA is] very vulnerable to a big correction. Few stocks would be spared in such a downdraft. Do you have a slightly greater appreciation for technical indicators?"
This is a circular argument: Technical indicators make a significant prediction, therefore technical indicators must be correct.