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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: BEARS GROWL who wrote (88481)	12/10/2016 2:47:43 PM
From: John Carson	1 Recommendation Recommended By GROUND ZERO™ Respond to of 218663

size of pullback depends on whether it brakes lower trendline to the downside when the pullback happens is also important, market can hug that upper trendline for awhile before going back to lower trendline, but looking at that monthly chart once it first hits that upper trendline there seems to be an immediate reaction to the downside then quick recovery back to upper trendline, then the bigger move down i would think what yellen says in her fed meeting this week about future rate hikes could be a trigger to get things going especially with this recent unexpected reflation of the markets, she may have to rethink her hiking schedule and the market may not like that