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Tuesday, May 25, 2010

Market Retrace?

Most of the "bear market" bloggers are all expecting a bounce in the market up before the next major decline. Since everyone seems to be in agreement, that makes me extremely nervous.

When everyone expects a certain outcome......then it usually doesn't happen.

For now, I am also on this wait mode to add shorts, fully aware I may miss a good entry. For now, my gold miners are up. Gold is going up. I'll take it one day at a time and I'd rather miss this next downleg than get infront of another pop up.

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