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MARKETS CRUMBLE

|Includes: BAC, BWX, BZF, CSCO, DBA, DBB, DBC, EEM, EFA, EMB, EPI, EWA, EWC, EWJ, EWT, EWY, EWZ, FXE, FXI, GLD, IEF, IGN, INTC, IWM, IYR, IYT, MDY, QQQ, RSX, SMH, SPDR S&P 500 Trust ETF (SPY), TGT, TLT, UUP, V, XLB, XLE, XLF, XLI, XLU, XLV, XLY, XME

February 4, 2010

 

 

 

MARKETS CRUMBLE

 

This wasn’t very nice day for bulls now was it?   I’ve been posting DeMark’s monthly sequential 9 count indicating trend exhaustion was at hand for some time now.  This doesn’t mean a sharp reversal necessarily; generally it just indicates there will be a reaction of indeterminate scope.  Below is the chart for SPY (S&P 500 ETF) and please know that this appearance is similar for most major market sectors whether in the US or overseas.

 

 



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