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Strategies & Market Trends : Zman Market Timing

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From: Fintas10/10/2013 10:19:45 AM
1 Recommendation

Recommended By
toccodolce

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So we've got a bounce off the drop from 1730 to 1648 and I'm reading a few that suggest those bears are on the ropes.

HMMM the bull just was knocked on it's arse dropped some 82 points, turned many a techinical indicator over and the ever optimist continue with the overly optimistic statement.

So a small fundamental fact check.

GDP stinks.

Job numbers stink

Debt ceiling is too high

Taper adds to such

Housing market is still trying to get off the bottom

No budget

It's ok to be optimisitc.

It's foolish to ignore the details.

The bounce will be contained.

The question is how high re this bounce before ms spx roll over again to make it's way to 1620 and then LOWER. NOT IF... just when.

IMO

Oh and I haven't sold a core. But this BULL isn't into pumping.

Fintas
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