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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:
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To: Return to Sender who wrote (2445)7/23/2013 1:11:15 PM
From: The Ox2 Recommendations

Recommended By
Return to Sender
richardred

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Understandable. A lot will depend on earnings. A good report and there is most likely a strong reversal to play. A slightly poor report and we could get a quick washout low that's worth an entry. A really weak report and the trend needs to be respected until we see a clear turn.

One caveat is that the market, IMO, needs a breather to stay strong for the long term. The more one sided the trade gets (up 12 out of 13 days), the more harsh the correction tends to be. I'm loving the market that won't fall, don't get me wrong. At the same time, a move that would retest the 50 day avg on the S+P would help moderate the indicators that are all starting to suggest we've come too far, too fast.

At the moment, it looks like it's ready to blast back upwards.... Not to be negative but I was hoping we'd get the start of a breather soon. Maybe in a few days?
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