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Thursday, June 11, 2009

Next down move

Second post, quick thought.

5 weeks ago, I expected a down move that would be a "correction" for moving up 40% in 8 weeks. However with the market flat lining so long, I now expect utter disaster for the market to melt. I would expect once the next down move starts, we hit the lows, SPX 666 is quite possible.

This next downmove will likely be the last time to make significant money as the world financial crisis settles on a new lower trading range.

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