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Good News/Bad News - The Markets
01-04-2009, 01:30 PM (This post was last modified: 01-04-2009 01:33 PM by kobayashi.)
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Good News/Bad News - The Markets
Overbought Stock Market Expected to Correct Lower

The good news is: By current fashion, a bull or bear market is defined as a major index moving 20% off its low or high. By that definition, we are in a bull market with every major index except the Dow Jones Industrial average (DJIA) more that 20% off its November low. The Dow Jones Industrial Average (DJIA) was 19.6% off its low as of Friday's close, the S&P 500 (SPX) 23.8% off its low, the NASDAQ Composite (OTC) 24%, the Russell 2000 (R2K) 31.3% and leading the way, the Value Line Arithmetic up 39.4%.


http://www.marketoracle.co.uk/Article8053.html

RZ
UWM
UYM
SLX
SCJ
MOO
FXI
EWZ
CLR
XOM

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