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Wednesday, February 9, 2011

Market Exhaustion

The market is reaching exhaustion levels, this combined with my (and I am sure the fed's) concern over long term interest rates, bring doubt to market advance.

About 40 minutes ago the DOW hit 12,251. Let's see by Friday where we are. I am thinking we may have seen a near term market top, until the Fed triples down with QE 3.

But then again, I wouldn't be surprised if we hit DOW 12,300 by 4pm today! :)

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